AP NEWS

NanoString: 3Q Earnings Snapshot

November 4, 2019

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.

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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