Seattle Genetics: Q4 Earnings Snapshot

BOTHELL, Wash. (AP) — BOTHELL, Wash. (AP) — Seattle Genetics Inc. (SGEN) on Wednesday reported a loss of $148.2 million in its fourth quarter. The ...

February 15, 2023
9:17 PM

BOTHELL, Wash. (AP) — BOTHELL, Wash. (AP) — Seattle Genetics Inc. (SGEN) on Wednesday reported a loss of $148.2 million in its fourth quarter. The Bothell, Washington-based company said it had a loss of 80 cents per share. Advertisement Article continues below this ad The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share. The biotechnology company posted revenue of $528.2 million in the period, which also topped Street forecasts.