Human Genome Sciences Beats Third-Quarter Expectations

Author:: Ilan Tsapovski
Publish date:: Nov 7, 2000 5:50 PM EST

Human Genome Sciences

(HGSI)

reported a narrower-than-expected loss for the third quarter, beating analysts' estimates by a penny.

The Rockville, Md., biotechnology company lost $13 million, or 12 cents a share, excluding a one-time write-off related to an acquisition in September. In the same period a year ago, Human Genome lost $9.7 million, or 11 cents a share. Twelve analysts expected the company to lose 13 cents a share for the quarter, according to

First Call/Thomson Financial

Total revenue for the quarter rose to $8.1 million from $7.4 million for the year-ago period.