Seattle Genetics: Q3 Earnings Snapshot
By AP News
Published - Nov 01, 2023, 08:12 AM ET
Last Updated - Nov 01, 2023, 08:12 AM EDT
BOTHELL, Wash. (AP) — BOTHELL, Wash. (AP) — Seattle Genetics Inc. (SGEN) on Wednesday reported a loss of $215.8 million in its third quarter.
The Bothell, Washington-based company said it had a loss of $1.15 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The biotechnology company posted revenue of $648.7 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $640.2 million.
