Here's Why Novocure Dipped 19% This Week
Shares of Novocure (NASDAQ: NVCR) slid this week in response to a disappointing second-quarter earnings report. Investors aren't happy about the slower-than-anticipated rollout of the company's Tumor Treating Fields, or TTF, therapy. The healthcare stock finished the week down 18.7% from its closing price last Friday.
During the three months ended June 30, Novocure reported total revenue rose 23% year over year to $133.5 million, which was around $8.3 million less than consensus estimates. It was also slightly less than the company reported during the first three months of the year.
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Source Fool.com
