MorphoSys Posts Q3 Loss, Reaffirms FY19 Revenue Outlook

(RTTNews) - MorphoSys AG (MOR) Tuesday reported third-quarter loss of 24.2 million euros or 0.76 euro per share, compared to profit of $30.2 million euros or 0.96 euro per share last year.

Revenues for the third quarter dropped 77% to 12.5 million euros from 55.0 million euros last year.

Looking forward to 2019, MorphoSys re-affirms its financial guidance. The company expects revenues at the upper end of its guidance of 65 million to 72 million euros.

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