LEXINGTON, Mass. (AP) — LEXINGTON, Mass. (AP) — Agenus Inc. (AGEN) on Tuesday reported a loss of $63.5 million in its first quarter.
The Lexington, Massachusetts-based company said it had a loss of $3.04 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $3.58 per share.
The biotechnology company posted revenue of $28 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $40.7 million.
Agenus shares have fallen 22% since the beginning of the year. The stock has dropped 58% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGEN at https://www.zacks.com/ap/AGEN
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