AP NEWS

Agios Pharmaceuticals: 4Q Earnings Snapshot

February 14, 2019

CAMBRIDGE, Mass. (AP) _ Agios Pharmaceuticals Inc. (AGIO) on Thursday reported a loss of $91.8 million in its fourth quarter.

The Cambridge, Massachusetts-based company said it had a loss of $1.58 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.65 per share.

The biopharmaceutical company posted revenue of $30 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $21 million.

For the year, the company reported that its loss widened to $346 million, or $6.03 per share. Revenue was reported as $94.4 million.

Agios Pharmaceuticals shares have increased 17 percent since the beginning of the year. The stock has declined 29 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 AGIO at https://www.zacks.com/ap/AGIO