Tesaro: 2Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Tesaro Inc. (TSRO) on Thursday reported a loss of $166.7 million in its second quarter.
On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of $3.04.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $2.66 per share.
The biopharmaceutical company posted revenue of $57.2 million in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $64.5 million.
Tesaro expects full-year revenue in the range of $250 million to $265 million.
Tesaro shares have decreased 57 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.28, a fall of 72 percent in the last 12 months.