XOMA Corp (XOMA) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
XOMA Corp (NASDAQ:XOMA) released its earnings data on Thursday. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.04, Analyst Ratings.Net reports. The company had revenue of $5.97 million for the quarter, compared to the consensus estimate of $5.32 million. XOMA Corp’s revenue was down 16.5% compared to the same quarter last year.
XOMA Corp (NASDAQ:XOMA) traded down 0.26% during mid-day trading on Thursday, hitting $3.89. 791,286 shares of the company’s stock traded hands. XOMA Corp has a 52 week low of $3.42 and a 52 week high of $9.57. The stock has a 50-day moving average of $4.25 and a 200-day moving average of $5.28. The company’s market cap is $415.8 million.
On a related note, analysts at Wedbush raised their price target on shares of XOMA Corp to $14.00 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.11.
XOMA Corporation (NASDAQ:XOMA) is engaged in the discovery and development of antibody-based therapeutics.
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