Iovance Biotherapeutics: 3Q Earnings Snapshot

November 4, 2019 GMT

SAN CARLOS, Calif. (AP) _ Iovance Biotherapeutics Inc. (IOVA) on Monday reported a loss of $49.5 million in its third quarter.

On a per-share basis, the San Carlos, California-based company said it had a loss of 40 cents.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 40 cents per share.

Iovance Biotherapeutics shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.46, more than doubling 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 IOVA at https://www.zacks.com/ap/IOVA