Tesaro: 3Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Tesaro Inc. (TSRO) on Thursday reported a loss of $137.1 million in its third quarter.
The Waltham, Massachusetts-based company said it had a loss of $2.49 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $2.62 per share.
The biopharmaceutical company posted revenue of $64.4 million in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $69.5 million.
Tesaro expects full-year revenue in the range of $258 million to $265 million.
Tesaro shares have declined 62 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.88, a decrease of 72 percent in the last 12 months.