Clovis Oncology (CLVS) Misses Q3 EPS by 2c

Clovis Oncology (NASDAQ: CLVS) reported Q3 EPS of ($1.24), $0.02 worse than the analyst estimate of ($1.22). Revenue for the quarter came in at $16.8 million versus the consensus estimate of $21.12 million.

Clovis had $628.0 million in cash, cash equivalents and available-for-sale securities as of September 30, 2017. Cash used in operating activities was $45.8 million for the third quarter of 2017 and $195.3 million for the first nine months of 2017, compared with $60.3 million and $212.0 million for the comparable periods of 2016. Clovis had approximately 48.9 million shares of common stock outstanding as of September 30, 2017. In January 2017, the Company raised net proceeds of $221.2 million through an offering of 5.75 million shares of common stock and in June 2017, the Company raised net proceeds of $324.6 million through an offering of 3.92 million shares of common stock

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

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