REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Bolt Biotherapeutics Inc. (BOLT) on Monday reported a loss of $11 million in its first quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 29 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The company posted revenue of $1.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1 million.
In the final minutes of trading on Monday, the company’s shares hit 37 cents. A year ago, they were trading at $1.26.
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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 BOLT at https://www.zacks.com/ap/BOLT
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