SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Allogene Therapeutics Inc. (ALLO) on Thursday reported a loss of $38.8 million in its fourth quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 17 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
For the year, the company reported that its loss narrowed to $190.9 million, or 87 cents per share.
In the final minutes of trading on Thursday, the company’s shares hit $2.47. A year ago, they were trading at $2.06.
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