ST. HELIER, Jersey (AP) 鈥� ST. HELIER, Jersey (AP) 鈥� NovoCure Ltd. (NVCR) on Thursday reported a loss of $71.1 million in its first quarter.
The St. Helier, Jersey-based company said it had a loss of 62 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The oncology drug developer posted revenue of $174.1 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $167.9 million.
NovoCure expects full-year revenue in the range of $690 million to $710 million.
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