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BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Insmed Inc. (INSM) on Thursday reported a loss of $159.8 million in its first quarter.
The Bridgewater, New Jersey-based company said it had a loss of $1.17 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.
The biopharmaceutical developing inhaled treatments for patients battling rare lung diseases posted revenue of $65.2 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $64.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a INSM">Zacks stock report on INSM at https://www.zacks.com/ap/INSM