PTC Therapeutics: Q1 Earnings Snapshot

SOUTH PLAINFIELD, N.J. (AP) _ PTC Therapeutics Inc. (PTCT) on Tuesday reported a loss of $128.6 million in its first quarter.

On a per-share basis, the South Plainfield, New Jersey-based company said it had a loss of $1.83.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.59 per share.

The biopharmaceutical company posted revenue of $117.9 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $96.2 million.

PTC Therapeutics shares have declined 37% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.47, a fall of 20% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PTCT at