Seattle Genetics: Q2 Earnings Snapshot

BOTHELL, Wash. (AP) _ Seattle Genetics Inc. (SGEN) on Thursday reported a loss of $134.8 million in its second quarter. On a per-share basis, the B...

July 29, 2022
2:26 AM

BOTHELL, Wash. (AP) _ Seattle Genetics Inc. (SGEN) on Thursday reported a loss of $134.8 million in its second quarter. On a per-share basis, the Bothell, Washington-based company said it had a loss of 73 cents. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share. The biotechnology company posted revenue of $497.5 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $443.

Lauren Hepler