AP NEWS

GlycoMimetics: 4Q Earnings Snapshot

February 28, 2020 GMT

ROCKVILLE, Md. (AP) _ GlycoMimetics Inc. (GLYC) on Friday reported a loss of $14.7 million in its fourth quarter.

The Rockville, Maryland-based company said it had a loss of 34 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 35 cents per share.

For the year, the company reported that its loss widened to $57.9 million, or $1.34 per share.

The company’s shares closed at $3.49. A year ago, they were trading at $12.21.

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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 GLYC at https://www.zacks.com/ap/GLYC