AP NEWS

Loxo: 2Q Earnings Snapshot

August 9, 2018

STAMFORD, Conn. (AP) _ Loxo Oncology Inc. (LOXO) on Thursday reported a loss of $11.7 million in its second quarter.

The Stamford, Connecticut-based company said it had a loss of 39 cents per share. Losses, adjusted for non-recurring gains, came to $1.68 per share.

The developer of cancer treatments posted revenue of $42.6 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $39.6 million.

Loxo shares have more than doubled since the beginning of the year. The stock has more than doubled 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 LOXO at https://www.zacks.com/ap/LOXO

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