MacroGenics: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:24 PM ET
Last Updated - Jun 21, 2023, 09:25 PM EDT
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — MacroGenics Inc. (MGNX) on Tuesday reported a loss of $38 million in its first quarter.
On a per-share basis, the Rockville, Maryland-based company said it had a loss of 61 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The biopharmaceutical company posted revenue of $24.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $129.7 million.
