CONCORD, Calif. (AP) — CONCORD, Calif. (AP) — Cerus Corp. (CERS) on Thursday reported a loss of $7.3 million in its third quarter.
On a per-share basis, the Concord, California-based company said it had a loss of 4 cents. Losses, adjusted for restructuring costs, came to 3 cents per share.
The biomedical products company posted revenue of $39.8 million in the period.
Cerus expects full-year revenue in the range of $155 million to $158 million.
In the final minutes of trading on Thursday, the company’s shares hit $1.59. A year ago, they were trading at $3.49.
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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 CERS at https://www.zacks.com/ap/CERS
