Exelixis, Inc. (EXEL) reported better-than-expected second-quarter results. Shares have risen following the announcement. EXEL recorded earnings of 84 cents per share, which beat the Zacks Consensus Estimate of 37 cents. The company registered adjusted earnings of 31 cents per share in the second quarter of 2023. The upside is mainly driven by higher revenues and lower operating expenses. Including stock-based compensation expense, earnings were 77 cents per share in the reported quarter. Net revenues were ...