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Cytokinetics: 4Q Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) _ Cytokinetics Inc. (CYTK) on Tuesday reported a loss of $30.6 million in its fourth quarter.

The South San Francisco, California-based company said it had a loss of 52 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The biopharmaceutical company posted revenue of $5.2 million in the period.

For the year, the company reported that its loss widened to $121.7 million, or $2.11 per share. Revenue was reported as $26.9 million.

Cytokinetics shares have risen 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.75, more than doubling 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 CYTK at https://www.zacks.com/ap/CYTK