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AVEO: 4Q Earnings Snapshot

CAMBRIDGE, Mass. (AP) _ AVEO Pharmaceuticals Inc. (AVEO) on Monday reported a fourth-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.

The Cambridge, Massachusetts-based company said it had a loss of 28 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The cancer drug company posted revenue of $764,000 in the period.

For the year, the company reported net income of $9.4 million, or 61 cents per share, swinging to a profit in the period. Revenue was reported as $28.8 million.

In the final minutes of trading on Monday, the company's shares hit $3.03. A year ago, they were trading at $5.96.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVEO at https://www.zacks.com/ap/AVEO