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AbCellera beat earnings estimates despite a loss, but its stock dropped on mixed analyst views.
AbCellera Biologics reported a quarterly loss of $0.12 per share, beating estimates by $0.05, with revenue of $17.08 million, far exceeding the $7.55 million expected.
Despite a negative net margin of 493.42% and a loss of $0.59 per share projected for the full year, the company’s stock fell to $3.91 on Friday amid mixed analyst ratings.
The consensus rating remains “Hold” with a $7.75 target price.
The firm continues developing antibody therapies for metabolic/endocrine disorders and atopic dermatitis, with institutional ownership at 61.42%.
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AbCellera superó las estimaciones de ganancias a pesar de una pérdida, pero sus acciones cayeron debido a opiniones mixtas de los analistas.