LEXINGTON, Mass. (AP) _ Agenus Inc. (AGEN) on Tuesday reported a loss of $49.2 million in its second quarter.
On a per-share basis, the Lexington, Massachusetts-based company said it had a loss of 17 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The biotechnology company posted revenue of $20.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $18.7 million.
The company's shares closed at $2.61. A year ago, they were trading at $5.63.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGEN at https://www.zacks.com/ap/AGEN
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