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Wave Life Sciences: 1Q Earnings Snapshot

May 11, 2020 GMT

SINGAPORE (AP) _ Wave Life Sciences Pte. Ltd. (WVE) on Monday reported a loss of $47.5 million in its first quarter.

The Singapore-based company said it had a loss of $1.38 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.34 per share.

The biopharmaceutical company posted revenue of $4.2 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $7.3 million.

Wave Life Sciences shares have decreased almost 1% since the beginning of the year. The stock has decreased 71% in the last 12 months.

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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 WVE at https://www.zacks.com/ap/WVE

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