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.