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Exact Sciences (EXAS) Stock Soars on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Exact Sciences (EXAS) are advancing 29.62% to $16.15 on heavy trading volume after the company reported 2016 second quarter earnings that blew past analysts' estimates.

Exact Sciences reported revenue of $21.2 million for the quarter, beating estimates of $18.54 million. Revenue increased 161% over the previous year's results.

The company also reported a loss of 46 cents per share. Wall Street was looking for a loss of 55 cents.

Nearly 18.81 million shares of the stock have traded hands so far today vs. the company's average of 7.74 million per...