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Published on 9 Aug 2023 on Zacks via Yahoo Finance

FATE Q2 Earnings Beat on Lower Expenses, Revenues Miss


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Fate Therapeutics FATE reported a loss of 54 cents per share in the second quarter of 2023, narrower than the Zacks Consensus Estimate of a loss of 58 cents and the year-ago loss of 79 cents.

The loss narrowed year over year due to lower R&D expenses.

The company earned collaboration revenues of $0.9 million in the second quarter, which missed the Zacks Consensus Estimate of $7 million and was down from $18.5 million reported in the year-ago quarter.

NASDAQ.FATE price evolution

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