U.S. Markets open in 7 hrs 50 mins

Tesaro reports 4Q loss

WALTHAM, Mass. (AP) _ Tesaro Inc. (TSRO) on Tuesday reported a loss of $136.9 million in its fourth quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of $2.60.

The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $1.96 per share.

The biopharmaceutical company posted revenue of $4.2 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $5.6 million.

For the year, the company reported that its loss widened to $387.5 million, or $8.13 per share. Revenue was reported as $44.8 million.

Tesaro shares have increased 40 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $188.37, more than quadrupling in the last 12 months.


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


Keywords: Tesaro, Earnings Report