ST. HELIER, Jersey (AP) — ST. HELIER, Jersey (AP) — NovoCure Ltd. (NVCR) on Thursday reported a loss of $38.8 million in its first quarter.
On a per-share basis, the St. Helier, Jersey-based company said it had a loss of 36 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.
The oncology drug developer posted revenue of $138.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $131.5 million.
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