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Karyopharm Therapeutics: Q1 Earnings Snapshot

NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — 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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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

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