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Sangamo: Q2 Earnings Snapshot
By AP News - Aug 06, 2024, 04:38 PM ET
Last Updated - Aug 06, 2024, 04:38 PM EDT
RICHMOND, Calif. (AP) — RICHMOND, Calif. (AP) — Sangamo Therapeutics Inc. (SGMO) on Tuesday reported a loss of $36.1 million in its second quarter.
The Richmond, California-based company said it had a loss of 18 cents per share. Losses, adjusted for asset impairment costs, came to 17 cents per share.
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The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The drug developer posted revenue of $356,000 in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGMO at https://www.zacks.com/ap/SGMO
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