AP NEWS

AVEO: 3Q Earnings Snapshot

November 9, 2018

CAMBRIDGE, Mass. (AP) _ AVEO Pharmaceuticals Inc. (AVEO) on Friday reported a loss of $22.2 million in its third quarter.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 18 cents. Losses, adjusted for non-recurring costs, were 5 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The cancer drug company posted revenue of $2.5 million in the period.

The company’s shares closed at $2. A year ago, they were trading at $2.85.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVEO at https://www.zacks.com/ap/AVEO

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