Immunomedics: Fiscal 1Q Earnings Snapshot
MORRIS PLAINS, N.J. (AP) _ Immunomedics Inc. (IMMU) on Wednesday reported a loss of $64.2 million in its fiscal first quarter.
On a per-share basis, the Morris Plains, New Jersey-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring gains, were 35 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
Immunomedics shares have risen 50 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.24, more than doubling in the last 12 months.