REDWOOD CITY, Calif. (AP) 鈥� REDWOOD CITY, Calif. (AP) 鈥� Corcept Therapeutics Inc. (CORT) on Thursday reported a loss of $31.2 million in its first quarter.
The Redwood City, California-based company said it had a loss of 30 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 30 cents per share.
The drug developer posted revenue of $164.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $172.4 million.
Corcept expects full-year revenue in the range of $950 million to $1.05 billion.
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