Immunomedics: 2Q Earnings Snapshot
MORRIS PLAINS, N.J. (AP) _ Immunomedics Inc. (IMMU) on Wednesday reported a loss of $76 million in its second quarter.
On a per-share basis, the Morris Plains, New Jersey-based company said it had a loss of 40 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
Immunomedics shares have climbed almost 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.80, a drop of 38% in the last 12 months.