Precision BioSciences: Q1 Earnings Snapshot
DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Precision BioSciences Inc. (DTIL) on Tuesday reported a loss of $25.1 million in its first quarter.
On a per-share basis, the Durham, North Carolina-based company said it had a loss of 23 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The genome editing company posted revenue of $8.8 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $6.6 million.
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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 DTIL at https://www.zacks.com/ap/DTIL
