LEXINGTON, Mass. (AP) — LEXINGTON, Mass. (AP) — Agenus Inc. (AGEN) on Monday reported a loss of $26.4 million in its first quarter.
The Lexington, Massachusetts-based company said it had a loss of $1.03 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.61 per share.
The biotechnology company posted revenue of $24.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $21 million.
The company’s shares closed at $2.91. A year ago, they were trading at $10.49.
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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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