Codexis: 3Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a loss of $2 million in its third quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The producer of custom industrial enzymes posted revenue of $16.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $14.6 million.
Codexis expects full-year revenue in the range of $60 million to $62 million.
Codexis shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.72, more than doubling in the last 12 months.