Codexis: Q2 Earnings Snapshot

Associated Press Finance
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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $11.5 million in its second quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 17 cents.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The producer of custom industrial enzymes posted revenue of $21.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $21.5 million.

In the final minutes of trading on Thursday, the company's shares hit $3.38. A year ago, they were trading at $7.78.

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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

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