ArQule reports 4Q loss

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.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARQL at https://www.zacks.com/ap/ARQL