Infinity Pharma (INFI) Tops Q3 EPS by 38c

Infinity Pharma (NASDAQ: INFI) reported Q3 EPS of $0.23, $0.38 better than the analyst estimate of ($0.15).

Infinity's 2018 financial guidance is:

Net Loss: Infinity expects net loss for 2018 to range from $10 million to $20 million.
Cash and Investments: Infinity expects to end 2018 with a year-end cash, cash equivalents and available-for-sale securities balance ranging from $50 million to $60 million.
Cash Runway: Based on its current operational plans, Infinity expects that its existing cash, cash equivalents and available-for-sale securities will be adequate to satisfy the company's capital needs into 2020. Infinity's financial guidance excludes additional funding or business development activities and does not include a potential $2 million payment from PellePharm, a private company, upon initiation of a Phase 3 study for the hedgehog inhibitor program, which Infinity licensed to PellePharm in 2013.

For earnings history and earnings-related data on Infinity Pharma (INFI) click here.

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