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Verastem: 3Q Earnings Snapshot

NEEDHAM, Mass. (AP) _ Verastem Inc. (VSTM) on Tuesday reported a loss of $30.1 million in its third quarter.

The Needham, Massachusetts-based company said it had a loss of 41 cents per share. Losses, adjusted for non-recurring costs, came to 35 cents per share.

The drug developer posted revenue of $9 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.25. A year ago, they were trading at $4.98.


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