Cytokinetics (CYTK) Releases Quarterly Earnings, Beats Expectations By $0.29 EPS
Cytokinetics (NASDAQ:CYTK) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.29, American Banking & Market News reports. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $19.14 million.
Shares of Cytokinetics (NASDAQ:CYTK) traded up 0.73% during mid-day trading on Thursday, hitting $6.90. The stock had a trading volume of 399,182 shares. Cytokinetics has a 52 week low of $5.76 and a 52 week high of $14.28. The stock has a 50-day moving average of $7.74 and a 200-day moving average of $8.10. The company’s market cap is $203.6 million.
Cytokinetics, Incorporated (NASDAQ:CYTK) is a biopharmaceutical company focused on the discovery and development of small molecule therapeutics that modulate muscle function for the potential treatment of serious diseases and medical conditions.
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