Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
ROCKVILLE, Md. (AP) _ GlycoMimetics Inc. (GLYC) on Monday reported a loss of $14.3 million in its first quarter.
The Rockville, Maryland-based company said it had a loss of 28 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The biotechnology company posted revenue of $1.1 million in the period.
Insight by Carahsoft: Explore use cases for edge computing and approaches for taking advantage of it by downloading this exclusive e-book.
The company’s shares closed at $2.40. A year ago, they were trading at $2.67.
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
Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.