ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — MacroGenics Inc. (MGNX) on Thursday reported a loss of $52.2 million in its first quarter.
The Rockville, Maryland-based company said it had a loss of 84 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 67 cents per share.
The biopharmaceutical company posted revenue of $9.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $13.6 million.
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