ST. HELIER, Jersey (AP) — ST. HELIER, Jersey (AP) — NovoCure Ltd. (NVCR) on Thursday reported a loss of $65.9 million in its fourth quarter.
The St. Helier, Jersey-based company said it had a loss of 61 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The oncology drug developer posted revenue of $161.3 million in the period, which met Street forecasts.
For the year, the company reported a loss of $168.6 million, or $1.56 per share. Revenue was reported as $605.2 million.
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