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Incyte Corp falls on lower-than-expected revenue, profit



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** Shares of drugmaker Incyte Corp INCY.O fall 2.9% to $51 premarket

** Co reports 9% growth in Q1 revenue of $880.9 mln, but misses analysts' estimates of $923.6 -LSEG data

** Posts Q1 adj.profit of 64 cents per share, also missing estimates of 84 cents per share- LSEG data

** Revenue from its bone marrow cancer drug Jakafi came in at $571.8 mln, compared to $580 mln a year ago

** Co says "revenue growth during the quarter was offset by an inventory drawdown for Jakafi"

** Up to last close, stock down 16.3% YTD



Reporting by Sneha S K in Bengaluru

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