MANNHEIM, Germany (AP) — MANNHEIM, Germany (AP) — Affimed N.V. (AFMD) on Wednesday reported a loss of $20.8 million in its first quarter.
On a per-share basis, the Mannheim, Germany-based company said it had a loss of $1.38.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.73 per share.
The drug developer posted revenue of $168,300 in the period. Its adjusted revenue was $168,000.
Affimed N.V. shares have increased 4.5% since the beginning of the year. The stock has decreased 11% 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 AFMD at https://www.zacks.com/ap/AFMD
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
