ArQule: 3Q Earnings Snapshot

October 30, 2019

BURLINGTON, Mass. (AP) _ ArQule Inc. (ARQL) on Wednesday reported a loss of $10.7 million in its third quarter.

The Burlington, Massachusetts-based company said it had a loss of 9 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share.

The biotechnology company posted revenue of $208,000 in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.2 million.

ArQule expects a full-year loss of 37 cents to 35 cents per share, with revenue in the range of $2 million to $5 million.

ArQule shares have more than tripled since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARQL at https://www.zacks.com/ap/ARQL