Xencor: Q3 Earnings Snapshot

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Xencor Inc. (XNCR) on Wednesday reported third-quarter profit of $39.4 million.

The Pasadena, California-based company said it had profit of 50 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The biotech developing antibodies for severe autoimmune/allergic diseases and cancer posted revenue of $116.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $65.9 million.

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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 XNCR at https://www.zacks.com/ap/XNCR