Natera: 3Q Earnings Snapshot
SAN CARLOS, Calif. (AP) _ Natera Inc. (NTRA) on Thursday reported a loss of $29.6 million in its third quarter.
On a per-share basis, the San Carlos, California-based company said it had a loss of 49 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The genetic testing company posted revenue of $65.3 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $66.9 million.
Natera expects full-year revenue in the range of $250 million to $260 million.
Natera shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.63, a rise of 94 percent in the last 12 months.