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Chris Markoch

INSANE: Exelixis reports solid earnings are new highs back on the table - The Real Truth

Exelixis EXEL Oncology MarketBeat

Exelixis Inc. (NASDAQ: EXEL) stock is down about 2% in early trading the day after the company delivered a solid, but mixed earnings report. The company reported earnings per share (EPS) of 94 cents, which was 27% above the consensus estimate and 95% higher on a year-over-year (YoY) basis.

That profit also showed up in the company’s operating margin, which the company plans to put into future research and development for its franchise strategy. Exelixis also bought back $264.5 million of its stock.

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