FX.co ★ Geron Corporation Q1 Loss increases, but beats estimates

Geron Corporation reported a loss for its first quarter, which was larger than last year's same period, yet it exceeded Wall Street predictions. The firm's deficit stood at $55.39 million or a loss of 9 cents per share, compared to last year's first quarter which held a loss of $38.12 million or 7 cents per share.

Analysts had projected, on average, that the company would report a loss of 10 cents per share. These figures were compiled by Thomson Reuters and usually exclude any unique items.

The corporation registered a 1400% surge in revenue for the quarter, posting $0.30 million up from last year's $0.02 million.

On a glance at Geron Corporation's earnings for the Q1 (based on Generally Accepted Accounting Principles):

- Deficit: $55.39 million, as opposed to $38.12 million last year.

- Earnings Per Share (EPS): a loss of 9 cents, compared to a loss of 7 cents last year.

- Revenue: $0.30 million, versus $0.02 million a year ago.