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NovoCure: Q1 Earnings Snapshot

ST. HELIER, Jersey (AP) — ST. HELIER, Jersey (AP) — NovoCure Ltd. (NVCR) on Thursday reported a loss of $71.1 million in its first quarter.

The St. Helier, Jersey-based company said it had a loss of 62 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The oncology drug developer posted revenue of $174.1 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $167.9 million.

NovoCure expects full-year revenue in the range of $690 million to $710 million.

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

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