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Novocure Reports Surprise Loss As Revenue Falls Short

Novocure (NVCR) on Thursday reported an adjusted loss of 4 cents a share $134.7 million in sales for its first quarter. In response, NVCR stock fell.




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On average, analysts polled by FactSet expected Novocure to report earnings of 2 cents per share and $138.7 million in sales.

In the year-earlier period, Novocure earned 4 cents a share on $101.8 million in sales.

For the year, analysts see Novocure earnings of 17 cents per share and $590 million in sales.

In premarket trading on the stock market today, NVCR stock fell 4% to 196.50. NVCR stock recently broke out of a consolidation with a buy point at 194.85, according to MarketSmith.com.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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