Codexis: 2Q Earnings Snapshot
Codexis: 2Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Wednesday reported a loss of $3.7 million in its second quarter.
The Redwood City, California-based company said it had a loss of 7 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.
The producer of custom industrial enzymes posted revenue of $13.5 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $11.9 million.
Codexis expects full-year revenue in the range of $60 million to $63 million.
Codexis shares have climbed 60 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.35, more than doubling 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 CDXS at https://www.zacks.com/ap/CDXS