Codexis: Q2 Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a loss of $2.6 million in its second quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 4 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The producer of custom industrial enzymes posted revenue of $38.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $37.9 million.
Codexis expects full-year revenue in the range of $135 million to $141 million.
Codexis shares have declined 74% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.98, a drop of 63% in the last 12 months.