Exact Sciences: 2Q Earnings Snapshot
MADISON, Wis. (AP) _ Exact Sciences Corp. (EXAS) on Wednesday reported a loss of $36.4 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 beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The molecular diagnostics company posted revenue of $102.9 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $105.4 million.
Exact Sciences expects full-year revenue in the range of $420 million to $430 million.
Exact Sciences shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.12, an increase of 56 percent in the last 12 months.