FOSTER CITY, Calif. (AP) 鈥� FOSTER CITY, Calif. (AP) 鈥� Geron Corp. (GERN) on Wednesday reported a loss of $16.7 million in its second quarter.
On a per-share basis, the Foster City, California-based company said it had a loss of 2 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The drugmaker posted revenue of $57.5 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $55 million.
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