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Gossamer Bio: 3Q Earnings Snapshot

·1 min read

SAN DIEGO (AP) _ Gossamer Bio Inc. (GOSS) on Tuesday reported a loss of $57.8 million in its third quarter.

The San Diego-based company said it had a loss of 80 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 86 cents per share.

Gossamer Bio shares have fallen 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.23, a decline of 60% in the last 12 months.

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