ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — MacroGenics Inc. (MGNX) on Wednesday reported a loss of $36.8 million in its first quarter.
On a per-share basis, the Rockville, Maryland-based company said it had a loss of 58 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The biopharmaceutical company posted revenue of $20.8 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $18.4 million.
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