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May 12, 2014
07:12 EDTAKBAAkebia reports Q1 EPS ($43.37) vs. ($3.09) a year ago
Net loss applicable to common stockholders, which includes accretion on preferred stock of $86.9 million, was $96.6 million for the first quarter of 2014, or ($43.37) per share. This compares to a net loss applicable to common stockholders of $1.5 million for the first quarter of 2013, which included accretion on preferred stock of $0.9 million, or ($3.09) per share. The first quarter 2013 net loss and net loss applicable to common stockholders also included a $2.4 million gain on the extinguishment of debt related to the 2012 Series X preferred stock.
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