EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — Xoma Corp. (XOMA) on Thursday reported a loss of $8.6 million in its first quarter.
On a per-share basis, the Emeryville, California-based company said it had a loss of 86 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The drug developer posted revenue of $1.5 million in the period.
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