Novocure Reports Third Quarter 2020 Financial Results and Provides Company Update

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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