CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Ionis Pharmaceuticals Inc. (IONS) on Wednesday reported a loss of $93 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 56 cents. Losses, adjusted for stock option expense, came to 30 cents per share.
The drug discovery and development company posted revenue of $246 million in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $190.4 million.
Ionis Pharmaceuticals expects full-year revenue in the range of $875 million to $900 million.
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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 IONS at https://www.zacks.com/ap/IONS
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