Immunomedics: 1Q Earnings Snapshot

May 7, 2020 GMT

MORRIS PLAINS, N.J. (AP) _ Immunomedics Inc. (IMMU) on Wednesday reported a loss of $93 million in its first quarter.

The Morris Plains, New Jersey-based company said it had a loss of 44 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

Immunomedics shares have increased 52% since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMMU at https://www.zacks.com/ap/IMMU