Assembly Biosciences: 3Q Earnings Snapshot
CARMEL, Ind. (AP) _ Assembly Biosciences Inc. (ASMB) on Thursday reported a loss of $21.5 million in its third quarter.
On a per-share basis, the Carmel, Indiana-based company said it had a loss of 87 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share.
The biotech drug developer posted revenue of $4.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.2 million.
Assembly Biosciences shares have decreased 50 percent since the beginning of the year. The stock has fallen 30 percent in the last 12 months.