GlycoMimetics: 4Q Earnings Snapshot
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.