Fortress Biotech (FBIO) Reports Q2 Loss, Beats Revenue Estimates

Fortress Biotech (FBIO) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to a loss of $0.73 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -48.39%. A quarter ago, it was expected that this biopharmaceutical company would post a loss of $0.44 per share when it actually produced a loss of $0.48, delivering a surprise of -9.09%. Over the last four quarters, ...