NEEDHAM, Mass. (AP) _ Chiasma Inc. (CHMA) on Wednesday reported a loss of $30.5 million in its first quarter.

The Needham, Massachusetts-based company said it had a loss of 49 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The biopharmaceutical company posted revenue of $1.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.8 million.

The company's shares closed at $2.84. A year ago, they were trading at $5.23.

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

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