Geron Corp. spikes on narrower-than-forecast 3Q loss - Elizabeth Harrow

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Geron Corp. spikes on narrower-than-forecast 3Q loss
Oct 30, 2009 05:30 PM UTC

Elizabeth Harrow

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Filed under: Earnings reports, Technical Analysis

Geron Corp. (NASDAQ: GERN) surged right out of the gate Friday morning, as traders cheered the stem cell stock's narrower-than-expected quarterly loss. After Thursday's close, Geron reported a third-quarter loss of $15.2 million, or 17 cents per share, while revenue arrived at $494,000.

Operating expenses for the quarter fell on a year-over-year basis from $18.3 million to $16.9 million, while research and development costs dwindled from $14.2 million to $13.4 million.

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Geron Corp. spikes on narrower-than-forecast 3Q loss originally appeared on BloggingStocks on Fri, 30 Oct 2009 12:30:00 EST. Please see our terms for use of feeds.

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