FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Geron Corp. (GERN) on Wednesday reported a loss of $16.4 million in its second quarter.
The Foster City, California-based company said it had a loss of 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The drugmaker posted revenue of $49 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $47.9 million.
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