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LEXINGTON, Mass. (AP) _ Agenus Inc. (AGEN) on Tuesday reported a third-quarter loss of $56.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lexington, Massachusetts-based company said it had a loss of 19 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The biotechnology company posted revenue of $22.8 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $19.9 million.
The company's shares closed at $2.39. A year ago, they were trading at $4.16.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AGEN">Zacks stock report on AGEN at https://www.zacks.com/ap/AGEN