InterMune Q1 Loss Widens; Lifts FY14 Revenue Outlook - Quick Facts

(RTTNews) - InterMune Inc. (ITMN) posted first-quarter net loss of $53.6 million, wider than $49.9 million in the comparable quarter last year. Loss per share for the latest first quarter narrowed to $0.59 from $0.64 per share last year. On average, twelve analysts polled by Thomson Reuters expected the company to report a loss of $0.62 per share. Analysts' estimates typically exclude special items.

Net revenue for the quarter was $30.27 million, up from $10.53 million last year, while twelve analysts had a consensus revenue estimate of $28.41 million.

The company raised its 2014 revenue guidance and now expects revenue to be in a range of $130 to $140 million, up from its previous range of $115 to $135 million.

Analysts now expect fiscal 2014 revenue of $137.64 million.