Latest News by Industry
CONCORD, Calif. (AP) — CONCORD, Calif. (AP) — Cerus Corp. (CERS) on Tuesday reported a loss of $1.3 million in its fourth quarter.
The Concord, California-based company said it had a loss of 1 cent per share.
The biomedical products company posted revenue of $46.8 million in the period.
For the year, the company reported that its loss narrowed to $37.5 million, or 21 cents per share. Revenue was reported as $156.4 million.
Cerus expects full-year revenue in the range of $172 million to $175 million.
In the final minutes of trading on Tuesday, the company's shares hit $1.99. A year ago, they were trading at $2.81.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CERS at https://www.zacks.com/ap/CERS