Invitae: 4Q Earnings Snapshot

February 19, 2019

SAN FRANCISCO (AP) _ Invitae Corp. (NVTA) on Tuesday reported a loss of $29.8 million in its fourth quarter.

The San Francisco-based company said it had a loss of 40 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The genetic testing company posted revenue of $45.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $40.9 million.

For the year, the company reported that its loss widened to $129.4 million, or $1.94 per share. Revenue was reported as $147.7 million.

Invitae shares have risen 49 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.51, 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 NVTA at https://www.zacks.com/ap/NVTA