(NASDAQ:CMRX) is down more than 50% in pre-market on reported earnings. The company beat expectations but is moving down on 13,000 trades. Maybe bounce play.

Chimerix: Q1 Earnings Snapshot

DURHAM, N.C. (AP) – Chimerix Inc. (CMRX) on Monday reported a loss of $24.8 million in its first quarter.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 28 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The biopharmaceutical company posted revenue of $15,000 in the period.

https://apnews.com/article/earnings-north-carolina-durham-chimerix-inc-d0919679784285a16060fc54f83405a3

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