Agenus: Q1 Earnings Snapshot
By AP News
Published - 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.
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.
