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Article: Wider Loss for Dendreon - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- August 17, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Wider Loss for Dendreon - Analyst Blog
Last week,
Dendreon Corp.
(
DNDN
) reported a second-quarter loss of $126.7 million or $1.20 per share, which was significantly wider than the Zacks Consensus Estimate of a loss of 16 cents. The company reported a loss of $16.5 million or 18 cents per share in the year ago quarter. The increase in loss for the reported quarter was primarily due to a $105.8 million loss on the sale of warrants in April.
Revenues for the quarter came in at $25,000, compared to $26,000 in the year-ago quarter. Operating expenses for the quarter stood at $20.9 million, which represented a 12.4% increase over the year-ago quarter. The higher operating expenses were ...