Natera: 2Q Earnings Snapshot
Aug. 08, 2018
SAN CARLOS, Calif. (AP) _ Natera Inc. (NTRA) on Wednesday reported a loss of $33.8 million in its second quarter.
On a per-share basis, the San Carlos, California-based company said it had a loss of 62 cents. Losses, adjusted for non-recurring costs, came to 55 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.
The genetic testing company posted revenue of $63.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $60.9 million.
Natera expects full-year revenue in the range of $250 million to $275 million.
Natera shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.48, nearly tripling in the last 12 months.