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Medicines Co.: 2Q Earnings Snapshot

July 24, 2019

PARSIPPANY, N.J. (AP) _ The Medicines Co. (MDCO) on Wednesday reported a loss of $60.1 million in its second quarter.

On a per-share basis, the Parsippany, New Jersey-based company said it had a loss of 80 cents. Losses, adjusted for non-recurring costs and stock option expense, were 63 cents per share.

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

Medicines Co. shares have risen 90% since the beginning of the year. The stock has fallen 9% 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 MDCO at https://www.zacks.com/ap/MDCO

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