ArQule Inc. (ARQL)

[surf1944]

7:03AM ArQule beats by $0.03, beats on revs (ARQL) 2.21 : Reports Q3 (Sep) loss of $0.10 per share, $0.03 better than the Capital IQ Consensus Estimate of ($0.13); revenues fell 67.9% year/year to $3.5 mln vs the $2.85 mln consensus. For 2013, ArQule expects net use of cash to range between $37 and $40 million. Revenues are expected to range between $13 and $16 million. Net loss is expected to range between $26 and $29 million, and net loss per share is expected to range between $(0.42) and $(0.46). ArQule expects to end 2013 with between $91 and $94 million in cash and marketable securities.