MyoKardia: 4Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ MyoKardia Inc. (MYOK) on Thursday reported a loss of $58.8 million in its fourth quarter.
The South San Francisco, California-based company said it had a loss of $1.27 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.41 per share.
MyoKardia shares have dropped 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $61.48, a climb of 36% in the last 12 months.