NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Ultragenyx Pharmaceutical Inc. (RARE) on Tuesday reported a loss of $185 million in its first quarter.
On a per-share basis, the Novato, California-based company said it had a loss of $1.84.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.55 per share.
The biotechnology company posted revenue of $136 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $161.3 million.
Ultragenyx expects full-year revenue in the range of $730 million to $760 million.
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