FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Geron Corp. (GERN) on Wednesday reported a loss of $18.4 million in its third quarter.
On a per-share basis, the Foster City, California-based company said it had a loss of 3 cents.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 3 cents per share.
The drugmaker posted revenue of $47.2 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $52.5 million.
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