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Agenus Swings to Q3 Earnings as Revenue Increases; Shares Rise Pre-Bell

8:49AM ET 11/09/2021 MT Newswires
Agenus (AGEN) on Tuesday swung to Q3 earnings of $0.72 per share from a loss of $0.28 per share a year earlier. Three analysts polled by Capital IQ projected GAAP EPS of $0.46.

Revenue was $253 million for the quarter ended Sept. 30, up from $14.8 million a year ago. Two analysts surveyed by Capital IQ projected $167.6 million.

At the end of the quarter, the company had $261.5 million in cash, cash equivalents and short-term investments.

Shares of the company rose more than 7% during the recent premarket trading activity on Tuesday.