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NASDAQ DIP and RIP
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Posted On: 05/10/2017 8:25:27 AM
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Posted By: fitzkarz
$ARRY,

Array BioPharma reports 3Q loss
[Associated Press]
Associated PressMay 10, 2017

BOULDER, Colo. (AP) _ Array BioPharma Inc. (ARRY) on Wednesday reported a loss of $35.3 million in its fiscal third quarter.

The Boulder, Colorado-based company said it had a loss of 21 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The drug developer posted revenue of $33.3 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $47 million.

Array BioPharma shares have decreased 20 percent 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 ARRY at https://www.zacks.com/ap/ARRY

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NASDAQ DIP and RIP
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