U.S. Markets closed

Precision BioSciences: 2Q Earnings Snapshot

DURHAM, N.C. (AP) _ Precision BioSciences Inc. (DTIL) on Wednesday reported a loss of $19.4 million in its second quarter.

The Durham, North Carolina-based company said it had a loss of 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.

The genome editing company posted revenue of $5.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $8.2 million.

_____

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