T2 Biosystems: 2Q Earnings Snapshot

August 2, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTOO at https://www.zacks.com/ap/TTOO

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