BRIDGEWATER, N.J. (AP) _ Insmed Inc. (INSM) on Wednesday reported a loss of $68.5 million in its first quarter.
The Bridgewater, New Jersey-based company said it had a loss of 89 cents per share. Losses, adjusted to extinguish debt, came to 86 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 80 cents per share.
Insmed shares have declined 20 percent since the beginning of the year. The stock has risen 34 percent 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 INSM at https://www.zacks.com/ap/INSM