BioTime: 2Q Earnings Snapshot
ALAMEDA, Calif. (AP) _ BioTime Inc. (BTX) on Thursday reported a loss of $30 million in its second quarter.
On a per-share basis, the Alameda, California-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The biotechnology company posted revenue of $779,000 in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1 million.