Tuesday, August 28, 2012 8:41:31 PM
(RTTNews) - Medivation Inc. (MDVN:Quote) Thursday reported a narrower loss for the second quarter, due mainly to higher revenues.
The San Francisco, California-based company's second-quarter net loss was $5.50 million or $0.15 per share, compared to $9.47 million or $0.27 per share last year. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Total collaboration revenues for the quarter grew to $42.91 million from $15.80 million in the prior-year quarter. Twelve analysts had a consensus revenue estimate of $46.96 million for the quarter.
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