Clovis Oncology (CLVS) Tops Q2 EPS by 3c

Clovis Oncology (NASDAQ: CLVS) reported Q2 EPS of ($2.07), $0.03 better than the analyst estimate of ($2.10).

Clovis had $378.5 million in cash, cash equivalents and available-for-sale securities as of June 30, 2016. Cash used in operating activities was $68.0 million for the second quarter of 2016 and $151.7 million for the first half of 2016, compared with $57.2 million and $105.6 million for the comparable periods of 2015. Cash used in operating activities in the second quarter of 2016 was down $15.7 million, or 18.8 percent compared to the first quarter of 2016. Clovis had approximately 38.5 million outstanding shares of common stock as of June 30, 2016.

For earnings history and earnings-related data on Clovis Oncology (CLVS) click here.

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