Bluebird: Q2 Earnings Snapshot
SOMERVILLE, Mass. (AP) — SOMERVILLE, Mass. (AP) — Bluebird Bio Inc. (BLUE) on Tuesday reported a loss of $72.9 million in its second quarter.
The Somerville, Massachusetts-based company said it had a loss of 67 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The biotechnology company posted revenue of $6.9 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $9.3 million.
The company's shares closed at $3.60. A year ago, they were trading at $5.59.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLUE at https://www.zacks.com/ap/BLUE
