MORRISVILLE, N.C. (AP) 鈥� MORRISVILLE, N.C. (AP) 鈥� TG Therapeutics Inc. (TGTX) on Monday reported second-quarter net income of $7.8 million.
The Morrisville, North Carolina-based company said it had net income of 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The biopharmaceutical company posted revenue of $240.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $230.9 million.
TG Therapeutics expects full-year revenue of $950 million.
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