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Dicerna Pharmaceuticals: 2Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ Dicerna Pharmaceuticals Inc. (DRNA) on Thursday reported a loss of $23.8 million in its second quarter.

The Cambridge, Massachusetts-based company said it had a loss of 35 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.

The biopharmaceutical company posted revenue of $5.7 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $10.9 million.

Dicerna Pharmaceuticals shares have increased 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.78, a drop of roughly 4% 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 DRNA at https://www.zacks.com/ap/DRNA