AP NEWS
Related topics

NanoString: 2Q Earnings Snapshot

August 7, 2018

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Tuesday reported a loss of $20.6 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of 80 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $25 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $25.1 million.

NanoString expects a full-year loss of $2.70 to $2.50 per share, with revenue in the range of $104 million to $106 million.

NanoString shares have climbed 64 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.28, a drop of 20 percent 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 NSTG at https://www.zacks.com/ap/NSTG

AP RADIO
Update hourly