AP NEWS

Precision BioSciences: 3Q Earnings Snapshot

November 12, 2019 GMT

DURHAM, N.C. (AP) _ Precision BioSciences Inc. (DTIL) on Tuesday reported a loss of $20.7 million in its third quarter.

The Durham, North Carolina-based company said it had a loss of 41 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The genome editing company posted revenue of $4.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.3 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 DTIL at https://www.zacks.com/ap/DTIL