U.S. Markets close in 1 hr 43 mins

Wave Life Sciences: 2Q Earnings Snapshot

SINGAPORE (AP) _ Wave Life Sciences Pte. Ltd. (WVE) on Monday reported a loss of $41.9 million in its second quarter.

On a per-share basis, the Singapore-based company said it had a loss of $1.22.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.05 per share.

The biopharmaceutical company posted revenue of $7.6 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $15.8 million.

Wave Life Sciences shares have fallen 54% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.35, a drop of 50% 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