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Exact Sciences: 2Q Earnings Snapshot

July 29, 2019

MADISON, Wis. (AP) _ Exact Sciences Corp. (EXAS) on Monday reported a loss of $38.4 million in its second quarter.

On a per-share basis, the Madison, Wisconsin-based company said it had a loss of 30 cents.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The molecular diagnostics company posted revenue of $199.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $181.9 million.

Exact Sciences expects full-year revenue in the range of $800 million to $810 million.

Exact Sciences shares have increased 87% since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXAS at https://www.zacks.com/ap/EXAS

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