LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — AC Immune SA (ACIU) on Monday reported a loss of $20.4 million in its first quarter.

The Lausanne, Switzerland-based company said it had a loss of 21 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The company's shares closed at $2.31. A year ago, they were trading at $2.11.

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