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Exelixis: Q2 Earnings Snapshot
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ALAMEDA, Calif. (AP) — ALAMEDA, Calif. (AP) — Exelixis Inc. (EXEL) on Wednesday reported second-quarter net income of $212.1 million.

The Alameda, California-based company said it had profit of 82 cents per share. Earnings, adjusted for stock option expense, came to 91 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The drug developer posted revenue of $628.7 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $635 million.

Exelixis expects full-year revenue in the range of $2.5 billion to $2.55 billion.

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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 EXEL at https://www.zacks.com/ap/EXEL

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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