Insmed: Q3 Earnings Snapshot
BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Insmed Inc. (INSM) on Thursday reported a loss of $158.9 million in its third quarter.
On a per-share basis, the Bridgewater, New Jersey-based company said it had a loss of $1.11. Losses, adjusted for non-recurring costs, came to $1.10 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.
The biopharmaceutical developing inhaled treatments for patients battling rare lung diseases posted revenue of $79.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $78.9 million.
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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 INSM at https://www.zacks.com/ap/INSM
