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Exact Sciences: 3Q Earnings Snapshot

MADISON, Wis. (AP) _ Exact Sciences Corp. (EXAS) on Tuesday reported a loss of $40.5 million in its third quarter.

The Madison, Wisconsin-based company said it had a loss of 31 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The molecular diagnostics company posted revenue of $218.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $215.5 million.

Exact Sciences expects full-year revenue in the range of $802 million to $810 million.

Exact Sciences shares have increased 44% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $90.61, an increase of 47% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXAS at https://www.zacks.com/ap/EXAS