EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — XOMA Royalty Corporation (XOMA) on Thursday reported a loss of $18.6 million in its third quarter.
The Emeryville, California-based company said it had a loss of $1.59 per share. Losses, adjusted for non-recurring costs, were 39 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The drug developer posted revenue of $7.2 million in the period.
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