NEEDHAM, Mass. (AP) — NEEDHAM, Mass. (AP) — Verastem Inc. (VSTM) on Thursday reported a loss of $8.3 million in its second quarter.
On a per-share basis, the Needham, Massachusetts-based company said it had a loss of 31 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.
The drug developer posted revenue of $10 million in the period.
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