AP NEWS

Medicines Co.: 2Q Earnings Snapshot

August 1, 2018

PARSIPPANY, N.J. (AP) _ The Medicines Co. (MDCO) on Wednesday reported a loss of $54.2 million in its second quarter.

The Parsippany, New Jersey-based company said it had a loss of 74 cents per share. Losses, adjusted for one-time gains and costs, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.

The pharmaceutical company posted revenue of $1.7 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $7.6 million.

Medicines Co. shares have increased 45 percent since the beginning of the year. The stock has increased slightly more than 3 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDCO at https://www.zacks.com/ap/MDCO

AP RADIO
Update hourly