Global Blood: 3Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ Global Blood Therapeutics Inc. (GBT) on Tuesday reported a loss of $43.1 million in its third quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 83 cents.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 84 cents per share.
Global Blood shares have increased roughly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.64, a drop of roughly 5 percent in the last 12 months.