CAMBRIDGE, Mass. (AP) _ Blueprint Medicines Corp. (BPMC) on Thursday reported a loss of $99.7 million in its first quarter.
The Cambridge, Massachusetts-based company said it had a loss of $1.72 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.80 per share.
The cancer drug developer posted revenue of $21.6 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $24.7 million.
Blueprint Medicines shares have decreased 13% since the beginning of the year. The stock has risen 66% 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 BPMC at https://www.zacks.com/ap/BPMC
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