AVEO: Q2 Earnings Snapshot

August 4, 2022 GMT

BOSTON (AP) _ AVEO Pharmaceuticals Inc. (AVEO) on Thursday reported a loss of $8.3 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 24 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The cancer drug company posted revenue of $25.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $26 million.

AVEO shares have risen 65% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.74, an increase of 48% in the last 12 months.

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