MORRIS PLAINS, N.J. (AP) _ Immunomedics Inc. (IMMU) on Thursday reported a loss of $87.3 million in its first quarter.
The Morris Plains, New Jersey-based company said it had a loss of 46 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
Immunomedics shares have climbed nearly 2% since the beginning of the year. The stock has dropped 21% 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 IMMU at https://www.zacks.com/ap/IMMU