Invitae: 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Invitae Corp. (NVTA) on Wednesday reported a loss of $31.7 million in its third quarter.
The San Francisco-based company said it had a loss of 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The genetic testing company posted revenue of $37.4 million in the period.
Invitae expects full-year revenue in the range of $135 million to $140 million.
Invitae shares have risen 58 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.31, a climb of 56 percent in the last 12 months.