Clovis Oncology Inc (CLVS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Clovis Oncology Inc (CLVS) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $-2.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-2.11. During the same quarter in the previous year, the company posted $-2.10 EPS.

Many Wall Street Analysts have commented on Clovis Oncology Inc. Clovis Oncology Inc was Initiated by SunTrust to “Buy” on Aug 5, 2016.

Clovis Oncology Inc opened for trading at $15.9 and hit $17.799 on the upside on Friday, eventually ending the session at $17.41, with a gain of 12.76% or 1.97 points. The heightened volatility saw the trading volume jump to 28,68,947 shares. Company has a market cap of $668 M.

In a different news, on Nov 3, 2015, Erle T Mast (Executive VP and CFO) sold 3,000 shares at $104.18 per share price. According to the SEC, on Oct 30, 2015, Lindsey Rolfe (officer ) sold 4,000 shares at $97.80 per share price. On Oct 16, 2015, Gillian C Ivers-read (officer ) sold 3,000 shares at $91.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Clovis Oncology Inc. (Clovis) is a biopharmaceutical company focused on acquiring developing and commercializing anti-cancer agents in the United States Europe and additional international markets. The Company is developing three product candidates: Rociletinib Rucaparib and Lucitanib. Rociletinib an oral epidermal growth factor receptor (EGFR) is a mutant-selective covalent inhibitor that is in advanced clinical development for the treatment of non-small cell lung cancer. Rucaparib an oral inhibitor of poly (ADP-ribose) polymerase (PARP) is in advanced clinical development for the treatment of ovarian cancer. Lucitanib is an oral potent inhibitor of the tyrosine kinase activity of fibroblast growth factor receptors 1-3 (FGFR1-3) vascular endothelial growth factor receptors 1-3 (VEGFR1-3) and platelet-derived growth factor receptors alpha and beta (PDGFR a/B) that is in Phase II development for the treatment of breast and lung cancers.

Clovis Oncology Inc

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