XOMA Q2 Loss Narrows - Quick Facts
(RTTNews) - XOMA Ltd. (XOMA) reported a narrower net loss for the second quarter, despite lower revenues from the company's contract and other revenue.
The company reported a net loss for the second quarter of $15.58 million or $0.06 per share, compared to a net loss of $10.21 million or $0.07 per share in the year-ago quarter.
Revenues for the quarter decreased to $5.9 million from $19.5 million in the prior-year quarter, as quarterly contract and other revenue fell to $5.48 million from last year's $7.58 million.
On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share, on revenues of $6.72 million for the quarter. Analysts estimates typically exclude special items.
XOMA closed Monday's regular trading at $0.30, up $0.01 or 2.76%. However, the stock lost $0.0264 or 8.86% in the after hours.
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