BioTime (BTX) Announces Earnings Results

BioTime (NYSEAMERICAN:BTX) released its earnings results on Thursday. The biotechnology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), Morningstar.com reports. The business had revenue of $0.98 million during the quarter, compared to the consensus estimate of $0.75 million.

Shares of NYSEAMERICAN BTX opened at $1.92 on Friday. BioTime has a 12-month low of $1.80 and a 12-month high of $3.16.

Separately, Zacks Investment Research downgraded BioTime from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd.

Several hedge funds and other institutional investors have recently made changes to their positions in BTX. Destination Wealth Management bought a new stake in shares of BioTime in the 3rd quarter worth approximately $1,237,000. BlackRock Inc. lifted its holdings in shares of BioTime by 3.1% in the 3rd quarter. BlackRock Inc. now owns 6,102,467 shares of the biotechnology company’s stock worth $14,340,000 after purchasing an additional 185,826 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of BioTime by 5.2% in the 2nd quarter. Northern Trust Corp now owns 1,016,226 shares of the biotechnology company’s stock worth $2,094,000 after purchasing an additional 49,778 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BioTime by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,554 shares of the biotechnology company’s stock worth $1,534,000 after purchasing an additional 33,350 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of BioTime by 20.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 173,856 shares of the biotechnology company’s stock worth $468,000 after purchasing an additional 30,056 shares during the last quarter.

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BioTime Company Profile

BioTime, Inc, a clinical-stage biotechnology company, focuses on developing and commercializing products addressing degenerative diseases based on pluripotent stem cells and HyStem cell/drug delivery platform technologies primarily in the United States and Israel. The company's lead product candidates include OpRegen, a retinal pigment epithelium cell replacement therapy, which is in Phase I/IIa multicenter trial for the treatment of the dry age-related macular degeneration; and Renevia, a facial aesthetics product that is in pivotal clinical trial for the treatment of HIV-associated facial lipoatrophy.

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Earnings History for BioTime (NYSEAMERICAN:BTX)

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