After the FDA placed a clinical hold on Bluebird Bio Inc’s (NASDAQ:BLUE) cerebral adrenoleukodystrophy gene therapy, SVB Leerink downgraded the stock to Market Perform…
bluebird bio (NASDAQ:BLUE) reported quarterly losses of $(3.43) per share which missed the analyst consensus estimate of $(3.19) by 7.52 percent. This is a 852.78 percent decrease over losses of $(0.36) per share from
Shares of bluebird bio (NASDAQ:BLUE) moved higher by 0.9% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 852.78% year over year to ($3.43), which missed the estimate of ($3.19).
Biopharma stocks ended higher for the week ending Aug. 6, as the sector latched on to the optimism that was evident in the broader markets. Earnings continued to flow in, triggering stock-specific moves, while clinical readouts also moved stocks during the week.