NanoString: 3Q Earnings Snapshot
SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Monday reported a loss of $22.7 million in its third quarter.
On a per-share basis, the Seattle-based company said it had a loss of 64 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The maker of diagnostic systems for the analysis of genomic information posted revenue of $30.6 million in the period.
NanoString expects full-year earnings to be $2.40 to $2.50 per share, with revenue in the range of $121 million to $124 million.
NanoString shares have climbed 62% since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.05, an increase of 57% in the last 12 months.