Infinity: 2Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Infinity Pharmaceuticals Inc. (INFI) on Tuesday reported a loss of $7 million in its second quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 12 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
In the final minutes of trading on Tuesday, the company’s shares hit $1.87. A year ago, they were trading at $1.35.