Juno Therapeutics (JUNO) Stock Gains in After-Hours Trading Following Earnings Release

NEW YORK (TheStreet) -- Juno Therapeutics (JUNO) shares are up 0.68% to $45.89 in after-hours trading on Monday following the release of the biopharmaceutical company's first quarter earnings results after the closing bell today.

The company reported a first quarter net loss of $24.2 million, or a loss of 30 cents per share on an adjusted basis. Analysts on average were expecting the company to report a net loss of 31 cents per share.

The company does not have any approved products in its pipeline and therefore does not have any revenue, however the company reported a first quarter cash burn of $26.4 million and forecast full year cash burn guidance between $125 million and $150 million.

"I am pleased by our progress this quarter; we advanced a number of important priorities, strengthened our IP position by settling a dispute over a key patent, and we continued to make good progress across a number of clinical trials and research priorities," said Juno CEO Hans Bishop. "In addition to advancing our pipeline and internal research efforts this quarter, we completed a number of strategic transactions that further extend and expand our ability to develop and manufacture best in class therapies across a broad array of cancers."

JUNO Chart JUNO data by YCharts

Must Read: Warren Buffett's Top 25 Stocks for 2015

More from Markets

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI