NEWTON, Mass. (AP) 鈥� NEWTON, Mass. (AP) 鈥� Karyopharm Therapeutics Inc. (KPTI) on Thursday reported a loss of $22.4 million in its first quarter.
The Newton, Massachusetts-based company said it had a loss of $1.24 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.45 per share.
The pharmaceutical company posted revenue of $35.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $33.9 million.
Karyopharm Therapeutics expects full-year revenue in the range of $130 million to $150 million.
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