REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a loss of $5.3 million in its fourth quarter.
The Redwood City, California-based company said it had a loss of 13 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The producer of custom industrial enzymes posted revenue of $10 million in the period.
For the year, the company reported that its loss widened to $8.6 million, or 21 cents per share. Revenue was reported as $48.8 million.
Codexis expects full-year revenue in the range of $50 million to $53 million.
In the final minutes of trading on Thursday, the company's shares hit $4.60. A year ago, they were trading at $3.91.
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
Keywords: Codexis, Earnings Report