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Ionis Pharmaceuticals: 2Q Earnings Snapshot

August 7, 2019

CARLSBAD, Calif. (AP) _ Ionis Pharmaceuticals Inc. (IONS) on Wednesday reported a loss of $1 million in its second quarter.

The Carlsbad, California-based company said it had a loss of 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The drug discovery and development company posted revenue of $164 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $140.8 million.

Ionis Pharmaceuticals shares have increased 19% since the beginning of the year. The stock has climbed 47% 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 IONS at https://www.zacks.com/ap/IONS

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