Momenta: 4Q Earnings Snapshot

Momenta: 4Q Earnings Snapshot

Associated Press
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CAMBRIDGE, Mass. (AP) _ Momenta Pharmaceuticals Inc. (MNTA) on Friday reported a fourth-quarter loss of $8.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 10 cents. Losses, adjusted for restructuring costs, were 7 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.

The biotechnology company posted revenue of $42.8 million in the period.

For the year, the company reported that its loss widened to $176.1 million, or $2.26 per share. Revenue was reported as $75.6 million.

Momenta shares have climbed 26 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.

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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 MNTA at https://www.zacks.com/ap/MNTA

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