EMERYVILLE, Calif. (AP) _ Xoma Corp. (XOMA) on Thursday reported a loss of $7.9 million in its first quarter.

The Emeryville, California-based company said it had a loss of 70 cents per share.

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

The drug developer posted revenue of $375,000 in the period.

Xoma shares have declined 22% since the beginning of the year. The stock has climbed 44% in the last 12 months.

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

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