U.S. Markets close in 6 hrs 17 mins

GlycoMimetics reports 4Q loss

ROCKVILLE, Md. (AP) _ GlycoMimetics Inc. (GLYC) on Wednesday reported a loss of $8.3 million in its fourth quarter.

On a per-share basis, the Rockville, Maryland-based company said it had a loss of 36 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.

For the year, the company reported that its loss widened to $31.8 million, or $1.50 per share. Revenue was reported as $18,000.

GlycoMimetics shares have risen nearly 3 percent since the beginning of the year. The stock has risen 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLYC at https://www.zacks.com/ap/GLYC


Keywords: GlycoMimetics, Earnings Report