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Immunomedics: 2Q Earnings Snapshot

August 7, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMMU at https://www.zacks.com/ap/IMMU

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