February 25, 2013 / 1:36 PM / 4 years ago

Dendreon posts fourth-quarter loss versus year-ago profit

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(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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