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Mirati: 2Q Earnings Snapshot

SAN DIEGO (AP) _ Mirati Therapeutics Inc. (MRTX) on Wednesday reported a loss of $27.9 million in its second quarter.

The San Diego-based company said it had a loss of 94 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.

Mirati shares have more than tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.70, rising twelvefold 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 MRTX at https://www.zacks.com/ap/MRTX