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Bluebird: 2Q Earnings Snapshot

August 2, 2018

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.

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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 BLUE at https://www.zacks.com/ap/BLUE

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