MyoKardia: 2Q Earnings Snapshot
MyoKardia: 2Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ MyoKardia Inc. (MYOK) on Wednesday reported a loss of $18.4 million in its second quarter.
The South San Francisco, California-based company said it had a loss of 49 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The biopharmaceutical company posted revenue of $6.6 million in the period.
MyoKardia shares have increased 40 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.90, an increase of 63 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 MYOK at https://www.zacks.com/ap/MYOK