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Wave Life Sciences: 1Q Earnings Snapshot

SINGAPORE (AP) _ Wave Life Sciences Pte. Ltd. (WVE) on Friday reported a loss of $44.2 million in its first quarter.

The Singapore-based company said it had a loss of $1.36 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.19 per share.

The biopharmaceutical company posted revenue of $3 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $9.7 million.

Wave Life Sciences shares have fallen 35% since the beginning of the year. The stock has declined 36% 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 WVE at https://www.zacks.com/ap/WVE