Biotech Company Metabolix Loss Widens
Metabolix Inc., which is developing biodegradable plastics from corn sugar, said Wednesday fourth quarter loss widened as revenue from licensing fees, royalties and grants fell.
The company reported a loss for the quarter ended Dec. 31 of $8.9 million, or 40 cents a share, compared with a loss of $7.2 million, or 33 cents a share, a year earlier.
Analysts polled by Thomson Reuters expected a loss of 40 cents a share.Shares fell 2 cents to close at $6.31. They've traded in a 52-week range of $5.28 to $15.59.
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posted by Bill Austin - Biotech Company Metabolix Loss Widens
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