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ChemoCentryx: 1Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ ChemoCentryx Inc. (CCXI) on Monday reported a loss of $11.9 million in its first quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 23 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The biopharmaceutical company posted revenue of $8.3 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $11.4 million.

ChemoCentryx shares have climbed 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.41, a rise of 20% in the last 12 months.


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