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Abeona Therapeutics: 4Q Earnings Snapshot

DALLAS — Abeona Therapeutics Inc. (ABEO) on Monday reported a loss of $16.4 million in its fourth quarter.

The Dallas-based company said it had a loss of 30 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

For the year, the company reported that its loss widened to $76.3 million, or $1.51 per share.

In the final minutes of trading on Monday, the company’s shares hit $1.45. A year ago, they were trading at $7.42.

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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 ABEO at https://www.zacks.com/ap/ABEO

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