FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Geron Corp. (GERN) on Thursday reported a loss of $55.4 million in its first quarter.
On a per-share basis, the Foster City, California-based company said it had a loss of 9 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The drugmaker posted revenue of $304,000 in the period.
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