Immunomedics: 1Q Earnings Snapshot
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.