Rigel Pharmaceuticals Inc. (RIGL) revealed Loss for second quarter that decreased from the same period last year and beat the Street estimates.
The company's earnings totaled -$1.030 million, or -$0.06 per share. This compares with -$6.600 million, or -$0.38 per share, in last year's second quarter.
Analysts on average had expected the company to earn -$0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 37.0% to $36.841 million from $26.886 million last year.
Rigel Pharmaceuticals Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$1.030 Mln. vs. -$6.600 Mln. last year.
-EPS (Q2): -$0.06 vs. -$0.38 last year.
-Revenue (Q2): $36.841 Mln vs. $26.886 Mln last year.
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