FLINT, Mich. (AP) _ Diplomat Pharmacy Inc. (DPLO) on Tuesday reported a loss of $14.3 million in its first quarter.
On a per-share basis, the Flint, Michigan-based company said it had a loss of 19 cents.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The independent specialty pharmacy posted revenue of $1.26 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $1.16 billion.
Diplomat Pharmaceuticals expects a full-year loss of 65 cents to 44 cents per share, with revenue in the range of $4.7 billion to $5 billion.
Diplomat Pharmaceuticals shares have dropped 56% since the beginning of the year. The stock has fallen 72% 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 DPLO at https://www.zacks.com/ap/DPLO