Geron: Q4 Earnings Snapshot
FOSTER CITY, Calif. (AP) — FOSTER CITY, Calif. (AP) — Geron Corp. (GERN) on Wednesday reported a loss of $31.1 million in its fourth quarter.
On a per-share basis, the Foster City, California-based company said it had a loss of 5 cents. Losses, adjusted for restructuring costs, were 3 cents per share.
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 $48 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $50.7 million.
For the year, the company reported a loss of $85.8 million, or 13 cents per share. Revenue was reported as $183.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GERN at https://www.zacks.com/ap/GERN