EDITAS MEDICINE, INC. Q4 Loss Increases, Misses Estimates

(RTTNews) - EDITAS MEDICINE, INC. (EDIT) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's earnings came in at -$45.40 million, or -$0.55 per share. This compares with -$18.87 million, or -$0.23 per share, last year.

Analysts on average had expected the company to earn -$0.33 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 49.0% to $30.60 million from $60.05 million last year.

EDITAS MEDICINE, INC. earnings at a glance (GAAP) :

-Earnings: -$45.40 Mln. vs. -$18.87 Mln. last year. -EPS: -$0.55 vs. -$0.23 last year. -Revenue: $30.60 Mln vs. $60.05 Mln last year.