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Theravance Bio reports 4Q loss

GEORGE TOWN GRAND CAYMAN, Cayman Islands (AP) _ Theravance Biopharma Inc. (TBPH) on Monday reported a loss of $67.3 million in its fourth quarter.

The George Town Grand Cayman, Cayman Islands-based company said it had a loss of $1.36 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.07 per share.

The biopharmaceutical company posted revenue of $5.7 million in the period.

For the year, the company reported that its loss widened to $190.7 million, or $4.26 per share. Revenue was reported as $48.6 million.

Theravance Bio shares have climbed slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.99, an increase of 98 percent 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 TBPH at https://www.zacks.com/ap/TBPH


Keywords: Theravance Biopharma, Earnings Report