Fortress Biotech: Q2 Earnings Snapshot

August 11, 2022 GMT

BAY HARBOR ISLAND, Fla. (AP) _ Fortress Biotech Inc. (FBIO) on Thursday reported a loss of $21.4 million in its second quarter.

The Bay Harbor Island, Florida-based company said it had a loss of 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The biopharmaceutical company posted revenue of $18.9 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $22.9 million.

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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 FBIO at https://www.zacks.com/ap/FBIO