XOMA Reports Financial Results for Second Quarter 2015
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XOMA (XOMA) Misses Q2 EPS by 2c, Revenue Light
August 6, 2015 4:42 PM EDTXOMA (NASDAQ: XOMA) reported Q2 EPS of ($0.20), $0.02 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $2.5 million versus the consensus estimate of $4.38 million.
"We knew our endocrine portfolio would be important to XOMA regardless of gevokizumab's role. Today, it takes center stage," stated John Varian, Chief Executive Officer of XOMA. "Our XMet platform, which is focused on the insulin receptor, has been quite active for several years. We brought XOMA 358, an antibody that reduces the binding of insulin to its receptor, from the bench to the clinic... More
