Incyte Corp. (INCY) reported a first quarter net loss of $0.36 per share Thursday morning, compared to the loss of $0.21 per share last year. The consensus estimate was for a loss of $0.46. Revenues were $36.2 million, compared to $32.0 million last year.
Incyte gapped open higher Thursday and climbed for the majority of the morning. The stock took out the session highs late in the afternoon and finished up by 2.53 at $21.93, with volume at a 5-month high. Incyte rose past the upper end of over a one-month range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.