Pacific Biosciences: 2Q Earnings Snapshot
MENLO PARK, Calif. (AP) _ Pacific Biosciences of California Inc. (PACB) on Thursday reported a loss of $22.5 million in its second quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of 17 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 17 cents per share.
The maker of genetic analysis technology posted revenue of $21.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $23.6 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.88. A year ago, they were trading at $3.20.