Insmed: 3Q Earnings Snapshot
BRIDGEWATER, N.J. (AP) _ Insmed Inc. (INSM) on Tuesday reported a loss of $87.7 million in its third quarter.
On a per-share basis, the Bridgewater, New Jersey-based company said it had a loss of $1.14.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.
Insmed shares have fallen 51 percent since the beginning of the year. The stock has declined 44 percent in the last 12 months.