Fortress Biotech: Q3 Earnings Snapshot

The Associated Press

November 14, 2023

BAY HARBOR ISLAND, Fla. (AP) -- BAY HARBOR ISLAND, Fla. (AP) -- Fortress Biotech Inc. (FBIO) on Tuesday reported a loss of $5 million in its third quarter.

The Bay Harbor Island, Florida-based company said it had a loss of 94 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $3.53 per share.

The biopharmaceutical company posted revenue of $34.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $13.3 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

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