Arbutus Biopharma Swings to Profit in Q1, Revenue Rises; Shares Up Pre-Bell

MT Newswires Live

05/13

Arbutus Biopharma (ABUS) reported Q1 earnings Wednesday of $0.87 per diluted share, swinging from a loss of $0.13 a year earlier.

Two analysts surveyed by FactSet expected a loss of $0.03.

Revenue for the quarter ended March 31 was $179.1 million, compared with $1.8 million a year earlier.

Two analysts surveyed by FactSet expected $800,000.

Shares of Arbutus Biopharma were up 3.3% pre-bell.

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