Sangamo: 2Q Earnings Snapshot
RICHMOND, Calif. (AP) _ Sangamo Therapeutics Inc. (SGMO) on Wednesday reported a loss of $16.6 million in its second quarter.
On a per-share basis, the Richmond, California-based company said it had a loss of 17 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The drug developer posted revenue of $21.4 million in the period.
Sangamo shares have dropped 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.80, an increase of 59 percent in the last 12 months.