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Verastem: 2Q Earnings Snapshot

August 1, 2019

NEEDHAM, Mass. (AP) _ Verastem Inc. (VSTM) on Thursday reported a loss of $42.2 million in its second quarter.

The Needham, Massachusetts-based company said it had a loss of 57 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 48 cents per share.

The drug developer posted revenue of $3.1 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit $1.59. A year ago, they were trading at $7.74.

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

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