CLEVELAND (AP) — CLEVELAND (AP) — Abeona Therapeutics Inc. (ABEO) on Monday reported second-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Cleveland-based company said it had net loss of 26 cents. Losses, adjusted for non-recurring gains, came to 75 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The company’s shares closed at $4.42. A year ago, they were trading at $2.99.
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