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Ultragenyx: 3Q Earnings Snapshot

NOVATO, Calif. (AP) _ Ultragenyx Pharmaceutical Inc. (RARE) on Tuesday reported a loss of $113 million in its third quarter.

The Novato, California-based company said it had a loss of $1.96 per share.

The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.71 per share.

The biotechnology company posted revenue of $25.8 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $28.6 million.

Ultragenyx shares have declined slightly more than 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.86, a decline of 25% 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 RARE at https://www.zacks.com/ap/RARE