EXACT Sciences Corp. Shares Up 5.2% After Earnings Beat (EXAS)
EXACT Sciences Corp. (NASDAQ:EXAS)’s share price shot up 5.2% during trading on Friday following a better than expected earnings announcement, ARN reports. The stock traded as high as $14.34 and last traded at $14.15, with a volume of 1,625,124 shares changing hands. The stock had previously closed at $13.45.
The company reported ($0.17) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.02. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.02 million.
Exact Sciences Corporation is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer.
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