Exelixis Gains 6.7% Post Q4 Earnings: Is This the Right Time to Buy?

Last week, Exelixis, Inc. (EXEL) reported better-than-expected fourth-quarter results.EXEL recorded earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 51 cents. The company registered adjusted earnings of 33 cents per share in the year-ago quarter. The outperformance was mainly driven by higher revenues.Including stock-based compensation expense, earnings were 48 cents per share in the reported quarter.Net revenues were $566.7 million, which beat the Zacks Consensus Estimate of$563 ...