MONROVIA, Calif. (AP) _ Xencor Inc. (XNCR) on Monday reported a loss of $29.5 million in its first quarter.
The Monrovia, California-based company said it had a loss of 62 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
Xencor shares have climbed 41 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.84, an increase of 28 percent 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 XNCR at https://www.zacks.com/ap/XNCR