Strongbridge Biopharma: 2Q Earnings Snapshot
Posted Aug 4, 2020 08:54:32 AM.
Last Updated Aug 4, 2020 09:10:35 AM.
This article is more than 5 years old.
TREVOSE, Pa. (AP) _ Strongbridge Biopharma (SBBP) on Tuesday reported a loss of $17.3 million in its second quarter.
On a per-share basis, the Trevose, Pennsylvania-based company said it had a loss of 32 cents. Losses, adjusted for non-recurring costs and stock option expense, were 12 cents per share.
The biopharmaceutical company posted revenue of $7.8 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $6.1 million.
The company’s shares closed at $3.57. A year ago, they were trading at $2.58.
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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 SBBP at https://www.zacks.com/ap/SBBP
The Associated Press
