BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Ocular Therapeutix Inc. (OCUL) on Monday reported a loss of $78.8 million in its second quarter.
The Bedford, Massachusetts-based company said it had a loss of 35 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The biotechnology company posted revenue of $13.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $12.7 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 OCUL at https://www.zacks.com/ap/OCUL
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