PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — BridgeBio Pharma Inc. (BBIO) on Tuesday reported a loss of $192.9 million in its fourth quarter.
On a per-share basis, the Palo Alto, California-based company said it had a loss of $1.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 75 cents per share.
The rare disease drug developer posted revenue of $154.2 million in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $150 million.
For the year, the company reported that its loss widened to $724.9 million, or $3.78 per share. Revenue was reported as $502.1 million.
BridgeBio Pharma shares have fallen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $68.31, a climb of 88% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBIO at https://www.zacks.com/ap/BBIO
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