SOUTH SAN FRANCISCO, Calif. (AP) _ MyoKardia Inc. (MYOK) on Wednesday reported a loss of $38.2 million in its second quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 83 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share.
MyoKardia shares have risen 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.37, a decrease of 13% in the last 12 months.