Ironwood: 3Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Ironwood Pharmaceuticals Inc. (IRWD) on Tuesday reported a loss of $174.4 million in its third quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of $1.14. Losses, adjusted for non-recurring costs, were 38 cents per share.
The drugmaker posted revenue of $65.7 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $92.3 million.
Ironwood shares have fallen nearly 6 percent since the beginning of the year. The stock has dropped 11 percent in the last 12 months.