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Mirati: 2Q Earnings Snapshot

August 5, 2019

SAN DIEGO (AP) _ Mirati Therapeutics Inc. (MRTX) on Monday reported a loss of $45.7 million in its second quarter.

The San Diego-based company said it had a loss of $1.26 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.21 per share.

The biopharmaceutical company posted revenue of $577,000 in the period.

Mirati shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $93.65, a rise of 63% in the last 12 months.

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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 MRTX at https://www.zacks.com/ap/MRTX

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