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Immunomedics: 3Q Earnings Snapshot

MORRIS PLAINS, N.J. (AP) _ Immunomedics Inc. (IMMU) on Wednesday reported a loss of $94.3 million in its third quarter.

The Morris Plains, New Jersey-based company said it had a loss of 49 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

Immunomedics shares have climbed 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.82, a fall of 28% 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