MORRISTOWN, N.J. (AP) — MORRISTOWN, N.J. (AP) — Intercept Pharmaceuticals Inc. (ICPT) on Thursday reported a loss of $32.1 million in its first quarter.
The Morristown, New Jersey-based company said it had a loss of 77 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The drugmaker posted revenue of $68 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $73.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ICPT">Zacks stock report on ICPT at https://www.zacks.com/ap/ICPT