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Precision BioSciences: Q1 Earnings Snapshot

May 9, 2022 GMT

DURHAM, N.C. (AP) _ Precision BioSciences Inc. (DTIL) on Monday reported a loss of $28.2 million in its first quarter.

The Durham, North Carolina-based company said it had a loss of 46 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The genome editing company posted revenue of $3.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5 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