India, May 7 -- IONIS PHARMACEUTICALS INC (IONS) reported Loss for its first quarter that increased from the same period last year but beat the Street estimates.
The company's bottom line totaled -$143 million, or -$0.98 per share. This compares with -$124 million, or -$0.87 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$1.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.2% to $119 million from $131 million last year.
IONIS PHARMACEUTICALS INC earnings at a glance (GAAP) :
-Earnings (Q1): -$143 Mln. vs. -$124 Mln. last year.-EPS (Q1): -$0.98 vs. -$0.87 last year.-Revenue (Q1):...