BURLINGTON, Mass. (AP) _ ArQule Inc. (ARQL) on Monday reported a loss of $7.8 million in its fourth quarter.
The Burlington, Massachusetts-based company said it had a loss of 9 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share.
For the year, the company reported that its loss widened to $29.2 million, or 39 cents per share.
ArQule expects a full-year loss of 34 cents to 30 cents per share, with revenue in the range of $3 million to $4 million.
The company's shares closed at $1.71. A year ago, they were trading at $1.26.