Lineage Cell: Q2 Earnings Snapshot
On a per-share basis, the Carlsbad, California-based company said it had a loss of 13 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The biotechnology company posted revenue of $2.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.6 million.
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