Neurocrine: 1Q Earnings Snapshot
SAN DIEGO (AP) _ Neurocrine Biosciences Inc. (NBIX) on Monday reported a loss of $102.1 million in its first quarter.
The San Diego-based company said it had a loss of $1.12 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.05 per share.
The biopharmaceutical company posted revenue of $138.4 million in the period, which beat Street forecasts. Eight analysts surveyed by Zacks expected $136.1 million.
Neurocrine shares have risen roughly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $76.81, a decrease of 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBIX at https://www.zacks.com/ap/NBIX