Geron Earnings: Here’s Why the Stock is Down Now
Geron Corporation (NASDAQ:GERN) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.7%.
Geron Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.12 in the quarter versus EPS of $-0.19 in the year-earlier quarter.
Revenue: Rose 176% to $690,000 from the year-earlier quarter.
Actual vs. Wall St. Expectations: Geron Corporation reported adjusted EPS loss of $0.12 per share. By that measure, the company beat the mean analyst estimate of $-0.14. It beat the average revenue estimate of $0.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…