Five Prime Therapeutics: 2Q Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) _ Five Prime Therapeutics Inc. (FPRX) on Wednesday reported a loss of $34.1 million in its second quarter.

The South San Francisco, California-based company said it had a loss of 99 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.25 per share.

The biotech company that develops treatments targeting cancer and autoimmune diseases posted revenue of $7.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $5.9 million.

Five Prime Therapeutics shares have fallen 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.47, a fall of 47 percent 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 FPRX at https://www.zacks.com/ap/FPRX