MENLO PARK, Calif. (AP) _ Geron Corp. (GERN) on Wednesday reported a loss of $8.5 million in its fourth quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of 5 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The drugmaker posted revenue of $94,000 in the period.
For the year, the company reported a loss of $29.5 million, or 19 cents per share, swinging to a loss in the period. Revenue was reported as $6.2 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.13. A year ago, they were trading at $2.48.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GERN at https://www.zacks.com/ap/GERN
Keywords: Geron, Earnings Report