Dicerna Pharmaceuticals: 2Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Dicerna Pharmaceuticals Inc. (DRNA) on Wednesday reported a loss of $35.6 million in its second quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 68 cents. Losses, adjusted for non-recurring costs, came to 28 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The biopharmaceutical company posted revenue of $1.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.8 million.
Dicerna Pharmaceuticals shares have climbed 59 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.32, more than quadrupling in the last 12 months.