
Juno Stock Falls in After-Hours Trading on Earnings Results
NEW YORK (TheStreet) -- Juno Therapeutics (JUNO) stock is slumping by 3.51% to $50.01 in after-hours trading on Tuesday, after the company reported its 2015 third quarter earnings results after the market close today.
The biopharmaceutical company posted a loss of 53 cents per share for the most recent quarter, up from a loss of $2.68 per share for the year ago period. Analysts surveyed by Thomson Reuters had forecast for a loss of 41 cents per share.
Revenue was $1.6 million for the most recent quarter, short of analysts' forecast for $6.51 million.
"We continue to make progress in the clinic and building our capabilities," CEO Hans Bishop said in a statement. "We completed engineering runs at our manufacturing facility in Bothell. We also continued building out our internal research organization and integrated our two acquisitions."
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