Assembly Biosciences: Q2 Earnings Snapshot

August 9, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASMB at https://www.zacks.com/ap/ASMB