MacroGenics: Q1 Earnings Snapshot

ROCKVILLE, Md. (AP) _ MacroGenics Inc. (MGNX) on Tuesday reported a loss of $66.4 million in its first quarter.

On a per-share basis, the Rockville, Maryland-based company said it had a loss of $1.08.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 84 cents per share.

The biopharmaceutical company posted revenue of $11.1 million in the period.

ROCKVILLE, Md. (AP) _ MacroGenics Inc. (MGNX) on Tuesday reported a loss of $66.4 million in its first quarter.

On a per-share basis, the Rockville, Maryland-based company said it had a loss of $1.08.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 84 cents per share.

The biopharmaceutical company posted revenue of $11.1 million in the period.

_____

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

Copyright © 2022 . All rights reserved. This website is not intended for users located within the European Economic Area.