Theravance Bio: 2Q Earnings Snapshot

GEORGE TOWN, Cayman Islands (AP) _ Theravance Biopharma Inc. (TBPH) on Wednesday reported a loss of $39.8 million in its second quarter.

On a per-share basis, the George Town, Cayman Islands-based company said it had a loss of 72 cents.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.22 per share.

The biopharmaceutical company posted revenue of $26.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $13.9 million.

Theravance Bio shares have dropped 22% since the beginning of the year. The stock has dropped 15% 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 TBPH at https://www.zacks.com/ap/TBPH