Assembly Biosciences: Q2 Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ Assembly Biosciences Inc. (ASMB) on Tuesday reported a loss of $24.5 million in its second quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 51 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $2.16. A year ago, they were trading at $3.56.