Xencor: 2Q Earnings Snapshot
MONROVIA, Calif. (AP) _ Xencor Inc. (XNCR) on Monday reported a loss of $25.9 million in its second quarter.
On a per-share basis, the Monrovia, California-based company said it had a loss of 46 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
Xencor shares have increased 72 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.80, a rise of 70 percent in the last 12 months.