Sutro Biopharma Q1 Loss Narrows, Revenue Declines

MT Newswires Live

05/15

Sutro Biopharma (STRO) reported a Q1 loss late Thursday of $2.94 per diluted share, narrowing from a loss of $9.08 a year earlier.

Analysts surveyed by FactSet expected a loss of $2.74.

Revenue for the three months ended March 31 was $14.5 million, down from $17.4 million a year earlier.

Analysts polled by FactSet expected $8.9 million.

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