Exelixis, Inc. (EXEL) Thursday reported a loss for the fourth quarter, as revenues plunged from last year.
Net loss for the quarter was $52.2 million or $0.28 per share, compared to a net income of $46.3 million or $0.35 per share in the prior-year quarter.
On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the current fourth quarter plunged to $7.81 million from $93.31 million in the comparable quarter last year, while ten analysts expected revenues of $9.46 million.
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