Global Blood: 2Q Earnings Snapshot
Global Blood: 2Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ Global Blood Therapeutics Inc. (GBT) on Thursday reported a loss of $40.4 million in its second quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 78 cents.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 87 cents per share.
Global Blood shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.65, a rise of 60 percent 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 GBT at https://www.zacks.com/ap/GBT