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Ironwood: Q4 Earnings Snapshot

By AP News - Feb 16, 2023, 07:36 AM ET

Last Updated - Jun 22, 2023, 09:18 PM EDT

BOSTON (AP) — BOSTON (AP) — Ironwood Pharmaceuticals Inc. (IRWD) on Thursday reported fourth-quarter profit of $48.9 million.

The Boston-based company said it had net income of 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The drugmaker posted revenue of $107.2 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $110.7 million.

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