Bluebird: 2Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Bluebird Bio Inc. (BLUE) on Thursday reported a loss of $146 million in its second quarter.
The Cambridge, Massachusetts-based company said it had a loss of $2.91 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $2.30 per share.
The biotechnology company posted revenue of $7.9 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $10.9 million.
Bluebird shares have fallen 13 percent since the beginning of the year. The stock has risen 74 percent in the last 12 months.