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Exact Sciences reports Q2 EPS (9c), consensus (32c)

Reports Q2 revenue $699.3M, consensus $690M. Adjusted EBITDA was $110 million an increase of $43 million, and adjusted EBITDA margin was 16 percent, an increase of 500 basis points. “Our second quarter results show the dedication of Exact Sciences’ world-class team and the power of our unique platform,” said Kevin Conroy, chairman and CEO. “We delivered answers to more patients and healthcare professionals than ever before, achieved record revenue and profitability, and advanced each of our key pipeline programs. Momentum continues to build, fueling our purpose to help eradicate cancer.”

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