Zai Lab Shares Rise After Q2 Beat

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Zai Lab (ZLAB) shares were up over 5% in Thursday trading after the company posted better-than-expected Q2 results.

The company reported a Q2 net loss Thursday of $0.46 per American depositary share, widening from a loss of $0.37 a year earlier.

Analysts polled by FactSet expected a loss of $0.68.

Total revenue for the quarter ended June 30 was $106.3 million, down from $110 million a year earlier.

Analysts surveyed by FactSet expected $103.9 million.

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