Twist Bioscience: Fiscal 1Q Earnings Snapshot

February 6, 2020 GMT

SOUTH SAN FRANCISCO, Calif. (AP) _ Twist Bioscience Corp. (TWST) on Thursday reported a loss of $55.6 million in its fiscal first quarter.

The South San Francisco, California-based company said it had a loss of $1.69 per share. Losses, adjusted for non-recurring costs, came to $1 per share.

The maker of synthetic DNA for the biotechnology industry posted revenue of $17.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $16 million.

Twist Bioscience expects full-year revenue in the range of $80 million to $84 million.

Twist Bioscience shares have climbed 48% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.11, an increase of 38% 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 TWST at https://www.zacks.com/ap/TWST