Iovance (IOVA) Q1 Earnings Surpass, Sales Lag Estimates

Iovance Biotherapeutics, Inc. (IOVA) incurred a loss of 42 cents per share in first-quarter 2024, narrower than the Zacks Consensus Estimate of a loss of 45 cents. In the year-ago quarter, the company reported a loss of 50 cents.During the quarter, the company generated total revenues of $0.7 million — entirely from product sales of its recently-acquired interleukin-2 (IL-2) product Proleukin (aldesleukin). The reported sales missed the Zacks Consensus Estimate of$2.9 million. In the year-ago quarter, Iova ...