Natera: 2Q Earnings Snapshot
SAN CARLOS, Calif. (AP) _ Natera Inc. (NTRA) on Wednesday reported a loss of $32.4 million in its second quarter.
The San Carlos, California-based company said it had a loss of 48 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The genetic testing company posted revenue of $74.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $67 million.
Natera expects full-year revenue in the range of $275 million to $305 million.
Natera shares have increased 94% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.09, an increase of 12% in the last 12 months.