Published on 9 Aug 2023 on Zacks via Yahoo Finance
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.