SOUTH PLAINFIELD, N.J. (AP) _ PTC Therapeutics Inc. (PTCT) on Tuesday reported a loss of $126.7 million in its first quarter.

On a per-share basis, the South Plainfield, New Jersey-based company said it had a loss of $1.78.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.55 per share.

The biopharmaceutical company posted revenue of $148.7 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $145.2 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTCT at https://www.zacks.com/ap/PTCT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News