SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — NGM Biopharmaceuticals Inc. (NGM) on Thursday reported a loss of $38.3 million in its second quarter.
The South San Francisco, California-based company said it had a loss of 46 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 46 cents per share.
The biotechnology company posted revenue of $1.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGM at https://www.zacks.com/ap/NGM
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