SOUTH SAN FRANCISCO, Calif. (AP) _ MyoKardia Inc. (MYOK) on Monday reported a loss of $141.8 million in its third quarter.
The South San Francisco, California-based company said it had a loss of $3.07 per share. Losses, adjusted for non-recurring costs, were $1.34 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.71 per share.
MyoKardia shares have climbed 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $58.91, a climb of slightly more than 2% in the last 12 months.