NanoString: 3Q Earnings Snapshot
SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Thursday reported a loss of $16.5 million in its third quarter.
The Seattle-based company said it had a loss of 56 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The maker of diagnostic systems for the analysis of genomic information posted revenue of $28.6 million in the period.
NanoString expects full-year earnings to be $2.50 to $2.60 per share, with revenue in the range of $104 million to $106 million.
NanoString shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.09, a rise of 89 percent in the last 12 months.