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Stock impact report

Summit Incurs In-Line Q4 Loss, Inks Collaboration Deal With Pfizer [Yahoo! Finance]

Summit Therapeutics Inc. (SMMT) 
Last summit therapeutics inc. earnings: 6/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: summitplc.com/investors/investor-centre
Company Research Source: Yahoo! Finance
In the year-ago period, the company incurred a loss of 5 cents per share. The reported loss included stock-based compensation expenses. Excluding these expenses, the adjusted loss per share was 7 cents, wider than the year-ago adjusted loss of 4 cents. As the company lacks any marketed product in its portfolio, it did not record quarterly revenues. See the Zacks Earnings Calendar to stay ahead of market-making news. Post the announcement, shares of Summit fell nearly 15% on Monday as some investors did not appreciate the widening of the quarterly loss compared to the year-ago period. Year to date, the stock has gained nearly 6%, outperforming the industry's breakeven growth. Zacks Investment Research Image Source: Zacks Investment Research More on SMMT's Earnings Adjusted research and development expenses totaled $47.1 million compared with $22.4 million in the year-ago period. This surge was primarily due to an increase in clinical costs to support the company's pip Show less Read more
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