Feb 25 Dendreon Corp reported a
smaller-than-expected quarterly loss versus a year-ago profit on
Monday as revenue fell and restructuring costs weighed on the
Executives told a conference call they expected
first-quarter sales to be below the fourth quarter's because of
seasonality and one-time factors, including superstorm Sandy and
sales force vacancies.
In the fourth quarter, the maker of cancer treatments had a
loss of $38.7 million, or 26 cents per share, compared with a
year-ago profit of $38.1 million, or 26 cents per share.
The latest results included restructuring, contract
termination and asset impairment charges of $36.3 million.
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.
Dendreon shares were up 28 cents, or 4.9 percent, to $5.95
on the Nasdaq in late morning trading.
Executives told the conference call that the company would
start its direct-to-consumer advertising campaign for Provenge,
its cancer drug, in the first half of the year.