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Clovis reports 4Q loss

BOULDER, Colo. (AP) _ Clovis Oncology Inc. (CLVS) on Wednesday reported a loss of $70.7 million in its fourth quarter.

On a per-share basis, the Boulder, Colorado-based company said it had a loss of $1.83.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.65 per share.

The biopharmaceutical company posted revenue of $78,000 in the period.

For the year, the company reported that its loss widened to $349.1 million, or $9.07 per share. Revenue was reported as $78,000.

Clovis shares have increased 38 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.19, more than tripling in the last 12 months.


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


Keywords: Clovis Oncology, Earnings Report