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ST. HELIER, Jersey (AP) — ST. HELIER, Jersey (AP) — NovoCure Ltd. (NVCR) on Thursday reported a loss of $53.1 million in its first quarter.
The St. Helier, Jersey-based company said it had a loss of 50 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 36 cents per share.
The oncology drug developer posted revenue of $122.2 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $127.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NVCR">Zacks stock report on NVCR at https://www.zacks.com/ap/NVCR