T2 Biosystems: 2Q Earnings Snapshot
LEXINGTON, Mass. (AP) _ T2 Biosystems Inc. (TTOO) on Thursday reported a loss of $12.3 million in its second quarter.
On a per-share basis, the Lexington, Massachusetts-based company said it had a loss of 32 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 32 cents per share.
The diagnostics company posted revenue of $3.9 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $2.9 million.
T2 Biosystems expects full-year revenue in the range of $10.5 million to $12 million.
T2 Biosystems shares have climbed 37 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.64, more than doubling in the last 12 months.