U.S. Markets closed

Amicus Therapeutics reports 3Q loss

CRANBURY, N.J. (AP) _ Amicus Therapeutics Inc. (FOLD) on Wednesday reported a loss of $111.7 million in its third quarter.

On a per-share basis, the Cranbury, New Jersey-based company said it had a loss of 69 cents. Losses, adjusted for one-time gains and costs, came to 41 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The pharmaceutical company posted revenue of $10.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $9.9 million.

Amicus Therapeutics shares have nearly tripled since the beginning of the year. The stock has increased 91 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOLD at https://www.zacks.com/ap/FOLD