DALLAS (AP) _ Abeona Therapeutics Inc. (ABEO) on Wednesday reported a loss of $48.2 million in its first quarter.
On a per-share basis, the Dallas-based company said it had a loss of 52 cents. Losses, adjusted for asset impairment costs, were 16 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
In the final minutes of trading on Wednesday, the company's shares hit $2.43. A year ago, they were trading at $8.02.