Codexis: 3Q Earnings Snapshot

November 8, 2018

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.


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

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