Exelixis Q2 Loss Widens

(RTTNews) - Exelixis Inc. (EXEL) Tuesday reported second-quarter net loss of $62.2 million or $0.34 per share, compared to $36.5 million or $0.25 per share last year.

The loss was primarily due to increases in research and development, selling, general and administrative and interest expenses, slightly offset by increased revenues and lower restructuring charges.

Net revenues for the quarter were $11.9 million, compared to $7.8 million last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.30 per share on revenues of $6.55 million for the quarter. Analysts' estimates typically exclude special items.