FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Geron Corp. (GERN) on Wednesday reported a loss of $19.8 million in its first quarter.
On a per-share basis, the Foster City, California-based company said it had a loss of 3 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The drugmaker posted revenue of $39.6 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $48.7 million.
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