Acceleron's Q3 Results Focus Squarely on Its Celgene Collaboration [The Motley Fool]
Acceleron Pharma Inc. (XLRN)
Last acceleron pharma inc. earnings: 2/27 04:05 pm
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Source: The Motley Fool
Acceleron's Q3 Results Focus Squarely on Its Celgene Collaboration It's been an up-and-down kind of year so far for Acceleron Pharma ( NASDAQ:XLRN announced disappointing phase results for ACE-08 The company announced its third-quarter results before the market opened on Wednesday, putting that rebound on the line. Here are the highlights from Acceleron's Q update. Image Source: Getty Images. By the numbers Acceleron announced Q revenue of $. million, a 9% increase from the $. million reported in the same quarter of the previous year. The company's reported revenue was a bit lower than the average analysts' revenue estimate of $. million. The company reported a third-quarter net loss of $. million, or $0.8 per share based on a generally accepted accounting principles ( GAAP Acceleron ended the third quarter with cash, cash equivalents, and short-term investments of $8. million. The biotech had $9. million on hand as of Dec. , 08. Behind the numbers Acceleron's Q revenue came entirely
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