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Abeona Therapeutics: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Abeona Therapeutics Inc. (ABEO) on Monday reported a loss of $7.2 million in its third quarter.

On a per-share basis, the Dallas-based company said it had a loss of 8 cents.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The drug developer posted revenue of $7 million in the period.

In the final minutes of trading on Monday, the company's shares hit $1.07. A year ago, they were trading at $2.72.

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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 ABEO at https://www.zacks.com/ap/ABEO