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Codexis: 2Q Earnings Snapshot

August 6, 2019

REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Tuesday reported a loss of $6.5 million in its second quarter.

The Redwood City, California-based company said it had a loss of 12 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The producer of custom industrial enzymes posted revenue of $12.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $14.9 million.

Codexis expects full-year revenue in the range of $69 million to $72 million.

Codexis shares have climbed nearly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.99, a climb of 21% in the last 12 months.


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

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