Benzinga Pro data, ChemoCentryx (NASDAQ:CCXI) reported Q2 sales of $1.81 million. Earnings fell to a loss of $38.74 million, resulting in a 32.09% decrease from last quarter.
Shares of ChemoCentryx (NASDAQ:CCXI) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 293.10% year over year to ($0.56), which missed the estimate of ($0.54).
ChemoCentryx (NASDAQ:CCXI) reported quarterly losses of $(0.56) per share. This is a 60 percent decrease over losses of $(0.35) per share from the same period last year.
Shares of ChemoCentryx (NASDAQ:CCXI) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved down to $14.85.
Companies Reporting Before The Bell
• Privia Health Group (NASDAQ:PRVA) is projected to report quarterly loss at $1.57 per share on revenue of $215.17 million.
Biopharma stocks ended higher for the week ending Aug. 6, as the sector latched on to the optimism that was evident in the broader markets. Earnings continued to flow in, triggering stock-specific moves, while clinical readouts also moved stocks during the week.
The month of July was disappointing from the perspective of Food and Drug Administration decisions, as the agency handed down mostly negative verdicts.