Curis, Inc. (CRIS) reported net income for the fourth quarter of $6.1 million or $0.07 per share, compared to a net loss of $5.6 million or $0.07 per share for the year-ago quarter.
Revenues for the fourth quarter surged ti $14.1 million from $100,000 a year ago. The increase is the result of $14.0 million in license fee revenues recorded during the fourth quarter of 2011 for payments that Curis received from Genentech for the achievement of certain regulatory objectives related to Erivedge.
Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $10.16 million for the fourth quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.