NanoString: 2Q Earnings Snapshot
SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Wednesday reported a loss of $20 million in its second quarter.
On a per-share basis, the Seattle-based company said it had a loss of 57 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The maker of diagnostic systems for the analysis of genomic information posted revenue of $30.3 million in the period.
NanoString expects a full-year loss of $2.40 to $2.20 per share, with revenue in the range of $118 million to $123 million.
NanoString shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.86, nearly tripling in the last 12 months.