Xoma: 2Q Earnings Snapshot
EMERYVILLE, Calif. (AP) _ Xoma Corp. (XOMA) on Tuesday reported a second-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.
The Emeryville, California-based company said it had a loss of 23 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The drug developer posted revenue of $2.3 million in the period.
Xoma shares have declined 31 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.45, more than tripling in the last 12 months.