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Abeona Therapeutics Shares Fall After Q2 Miss

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Abeona Therapeutics (ABEO) shares were down nearly 15% in afternoon trading on Thursday after Q2 results missed analysts' expectations.

The company reported a Q2 net loss of $0.35 per diluted share, swinging from earnings of $1.71 a year earlier.

Analysts polled by FactSet expected a loss of $0.23.

Revenue for the quarter ended June 30 was $11.4 million, up from $400,000 a year earlier.

Analysts expected revenue of $12.2 million.

As of June 30, the company said it had $146.8 million in cash and or cash equivalents on hand.

Price: $6.36, Change: $-1.11, Percent Change: -14.81%

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