NanoString: 2Q Earnings Snapshot

July 31, 2019

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Wednesday reported a loss of $20 million in its second quarter.

On a per-share basis, the Seattle-based company said it had a loss of 57 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $30.3 million in the period.

NanoString expects a full-year loss of $2.40 to $2.20 per share, with revenue in the range of $118 million to $123 million.

NanoString shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.86, nearly tripling 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 NSTG at https://www.zacks.com/ap/NSTG