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NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Ultragenyx Pharmaceutical Inc. (RARE) on Thursday reported a loss of $164 million in its first quarter.
The Novato, California-based company said it had a loss of $2.33 per share.
The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.97 per share.
The biotechnology company posted revenue of $100.5 million in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $104.8 million.
Ultragenyx expects full-year revenue in the range of $425 million to $450 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RARE">Zacks stock report on RARE at https://www.zacks.com/ap/RARE