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Generate Biomedicines: Q3 Earnings Snapshot
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SOMERVILLE, Mass. (AP) — SOMERVILLE, Mass. (AP) — Generate Biomedicines Inc. (GENB) on Thursday reported a loss of $87.7 million in its third quarter.

The Somerville, Massachusetts-based company said it had a loss of 68 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The clinical-stage generative biology company posted revenue of $4.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $8.2 million.

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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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