SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Allogene Therapeutics Inc. (ALLO) on Wednesday reported a loss of $42.6 million in its first quarter.
The South San Francisco, California-based company said it had a loss of 18 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
In the final minutes of trading on Wednesday, the company’s shares hit $2.33. A year ago, they were trading at $1.13.
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