SINGAPORE (AP) — SINGAPORE (AP) — Wave Life Sciences Pte. Ltd. (WVE) on Thursday reported a loss of $69.4 million in its second quarter.
On a per-share basis, the Singapore-based company said it had a loss of 34 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The biopharmaceutical company posted revenue of $2.3 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $8.6 million.
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