Wave Life Sciences: 1Q Earnings Snapshot
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.