EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — XOMA Royalty Corporation (XOMA) on Tuesday reported first-quarter earnings of $2.4 million.
On a per-share basis, the Emeryville, California-based company said it had profit of 6 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The drug developer posted revenue of $15.9 million in the period.
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