Skip to main content

Karyopharm Therapeutics: Q4 Earnings Snapshot

NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Karyopharm Therapeutics Inc. (KPTI) on Thursday reported a loss of $102.2 million in its fourth quarter.

The Newton, Massachusetts-based company said it had a loss of $5.71 per share. Losses, adjusted to extinguish debt, were $2.23 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.26 per share.

The pharmaceutical company posted revenue of $34.1 million in the period.

For the year, the company reported a loss of $196 million, or $17.93 per share. Revenue was reported as $146.1 million.

Karyopharm Therapeutics expects full-year revenue in the range of $130 million to $150 million.

_____

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

TEst Draft

updated by pwenzel 3:13pm
Read Next Story