Novocure Reports Third Quarter 2020 Financial Results and Provides Company Update

Go back to Novocure Reports Third Quarter 2020 Financial Results and Provides Company Update

Novocure (NVCR) Tops Q3 EPS by 5c, Revenues Beat

October 29, 2020 6:45 AM EDT

Novocure (NASDAQ: NVCR) reported Q3 EPS of $0.09, $0.05 better than the analyst estimate of $0.04. Revenue for the quarter came in at $132.66 million versus the consensus estimate of $120.24 million.

Third quarter 2020 financial update

For the quarter ended September 30, 2020, net revenues were $132.7 million, representing 44% growth compared to the third quarter 2019.

In the United States, net revenues totaled $92.6 million in the quarter ended September 30, 2020, representing 51% growth compared to the same period in... More