AP NEWS
Click to copy
Click to copy
Related topics

CareDx: 2Q Earnings Snapshot

August 1, 2019

BRISBANE, Calif. (AP) _ CareDx Inc. (CDNA) on Thursday reported a loss of $7.8 million in its second quarter.

On a per-share basis, the Brisbane, California-based company said it had a loss of 19 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.

The molecular diagnostics company posted revenue of $31.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $28 million.

CareDx expects full-year revenue in the range of $123 million to $125 million.

CareDx shares have risen 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34, more than doubling 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 CDNA at https://www.zacks.com/ap/CDNA

All contents © copyright 2019 The Associated Press. All rights reserved.