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AMAG Pharmaceuticals: 2Q Earnings Snapshot

August 7, 2019

WALTHAM, Mass. (AP) _ AMAG Pharmaceuticals Inc. (AMAG) on Wednesday reported a loss of $120.8 million in its second quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of $3.57. Losses, adjusted for asset impairment costs, came to $1.28 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.

The specialty drugmaker posted revenue of $78.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $92.1 million.

AMAG Pharmaceuticals shares have decreased 36% since the beginning of the year. The stock has dropped 60% 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 AMAG at https://www.zacks.com/ap/AMAG

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