Codexis: Q4 Earnings Snapshot

Associated Press Finance
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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Wednesday reported a loss of $7.2 million in its fourth quarter.

The Redwood City, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for asset impairment costs, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The producer of custom industrial enzymes posted revenue of $26.6 million in the period.

For the year, the company reported that its loss widened to $76.2 million, or $1.12 per share. Revenue was reported as $70.1 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.74. A year ago, they were trading at $4.84.

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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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