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Agenus: Q1 Earnings Snapshot
By AP News - May 09, 2023, 08:12 AM ET
Last Updated - Jun 21, 2023, 09:38 PM EDT
LEXINGTON, Mass. (AP) — LEXINGTON, Mass. (AP) — Agenus Inc. (AGEN) on Tuesday reported a loss of $70.9 million in its first quarter.
On a per-share basis, the Lexington, Massachusetts-based company said it had a loss of 22 cents.
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The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The biotechnology company posted revenue of $22.9 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $23.5 million.
The company's shares closed at $1.59. A year ago, they were trading at $1.67.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AGEN">Zacks stock report on AGEN at https://www.zacks.com/ap/AGEN
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