SAN DIEGO (AP) — SAN DIEGO (AP) — Fate Therapeutics Inc. (FATE) on Thursday reported a loss of $32.3 million in its third quarter.
The San Diego-based company said it had a loss of 27 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 29 cents per share.
The clinical-stage biotech company that develops stem cell treatments posted revenue of $1.7 million in the period.
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