Medicines Co.: 3Q Earnings Snapshot
PARSIPPANY, N.J. (AP) _ The Medicines Co. (MDCO) on Thursday reported a loss of $55.6 million in its third quarter.
The Parsippany, New Jersey-based company said it had a loss of 75 cents per share. Losses, adjusted for one-time gains and costs, came to 70 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.
Medicines Co. shares have declined 6 percent since the beginning of the year. The stock has decreased 15 percent in the last 12 months.