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Sangamo Therapeutics reports a quarterly loss but sees revenue surge and stock price rise.
Sangamo Therapeutics reported a quarterly loss of $0.11 per share, missing estimates by $0.02, with revenue up 270.1% to $7.55 million.
The biopharmaceutical company, which develops genomic medicines, saw its stock price increase to $1.01 on the earnings announcement, though it had a negative net margin of 257.87%.
The company's annual loss was $97.9 million, with a consensus rating of "Moderate Buy" and a target price of $5.80.
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Sangamo Therapeutics reporta una pérdida trimestral, pero ve un aumento de ingresos y un aumento del precio de las acciones.