Dendreon posts fourth-quarter loss versus year-ago profit

Mon Feb 25, 2013 8:33am EST

(Reuters) - Dendreon Corp (DNDN.O) reported a quarterly loss versus a year-ago profit on Monday as revenue fell and restructuring costs weighed on the biotechnology company.

The fourth-quarter loss was $38.7 million, or 26 cents per share, compared with a profit of $38.1 million, or 26 cents per share.

Excluding items, the loss was 26 cents per share. On that basis, analysts on average were expecting a loss of 56 cents per share, according to Thomson Reuters I/B/E/S.

Quarterly revenue fell to $85.5 million from $202.1 million a year ago.

(Reporting by Debra Sherman; Editing by Jeffrey Benkoe and Maureen Bavdek)

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