Bluebird: Q3 Earnings Snapshot
SOMERVILLE, Mass. (AP) — SOMERVILLE, Mass. (AP) — Bluebird Bio Inc. (BLUE) on Tuesday reported a loss of $71.7 million in its third quarter.
The Somerville, Massachusetts-based company said it had a loss of 66 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.
The biotechnology company posted revenue of $12.4 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $11.1 million.
The company's shares closed at $3.30. A year ago, they were trading at $6.13.
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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
