Why Novocure Tanked on Thursday

·1 min read
Why Novocure Tanked on Thursday

In Q2, Novocure took in $133.5 million in revenue, 15% higher than in the same quarter last year. Unfortunately, prognosticators tracking Novocure stock were modeling nearly $141.9 million in revenue and a per-share net profit of $0.01. Greater China was a particularly lively market for Novocure, even though it remains relatively small.

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