Infinity Pharmaceuticals (INFI) Posts Wide Q4 Miss

March 15, 2011 4:08 PM EDT
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Infinity Pharmaceuticals (NASDAQ: INFI) reported Q4 EPS of ($0.53), $0.14 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $13.8 million versus the consensus estimate of $16.96 million.

Sees FY11 net cash burn of $30-$40M, net cash balance at end of year of $60-$70M.


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