Tesaro: 3Q Earnings Snapshot

Tesaro: 3Q Earnings Snapshot

Associated Press
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WALTHAM, Mass. (AP) _ Tesaro Inc. (TSRO) on Thursday reported a loss of $137.1 million in its third quarter.

The Waltham, Massachusetts-based company said it had a loss of $2.49 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $2.62 per share.

The biopharmaceutical company posted revenue of $64.4 million in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $69.5 million.

Tesaro expects full-year revenue in the range of $258 million to $265 million.

Tesaro shares have declined 62 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.88, a decrease of 72 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 TSRO at https://www.zacks.com/ap/TSRO

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