SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Cytokinetics Inc. (CYTK) on Tuesday reported a loss of $183 million in its fourth quarter.
The South San Francisco, California-based company said it had a loss of $1.50 per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.48 per share.
The biopharmaceutical company posted revenue of $17.8 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $3.9 million.
For the year, the company reported a loss of $785 million, or $6.54 per share. Revenue was reported as $88 million.
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