Arcadia Biosciences: Down on bigger-than-expected Q3 loss
12/11/2020 15:58
** Agricultural biotech co's shares RKDA.O down 7.1% to
$3.16
** Co posts Q3 loss of 60 cents compared with analysts'
average est. of a loss of 54 cents, according to Refinitiv IBES
data urn:newsml:reuters.com:*:nPn13fP1ya
** Quarterly revenue fell ~20% to $314,000 from a year
earlier, due to decrease in contract research and government
grants revenue
** Stock had fallen ~42% YTD
(Reporting by Dania Nadeem in Bengaluru)
((Dania.Nadeem@thomsonreuters.com;))