ArQule Q4 Loss Narrows; Issues FY15 Outlook - Quick Facts

(RTTNews) - ArQule Inc. (ARQL) reported fourth-quarter net loss of $3.5 million or $0.06 per share, narrower than $6.0 million or $0.10 per share in the comparable quarter last year. On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share. Analysts' estimates typically exclude special items.

Research and development revenue for the latest fourth quarter rose to $3.02 billion from $2.28 billion in the prior year period, while three analysts had a consensus revenue estimate of $1.90 billion for the quarter.

For fiscal 2015, the company expects net loss to range between $0.29 and $0.33 per share. Revenues are expected to be in the range of $8 million to $10 million. Analysts currently expect 2015 loss of $0.47 per share and revenue of $7.47 million.