SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Allogene Therapeutics Inc. (ALLO) on Wednesday reported a loss of $98.7 million in its first quarter.
The South San Francisco, California-based company said it had a loss of 68 cents per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.
The immuno-oncology company posted revenue of $52,000 in the period.
Allogene Therapeutics shares have fallen 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.72, a fall of 37% in the last 12 months.
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