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GenMark Diagnostics: 4Q Earnings Snapshot

CARLSBAD, Calif. (AP) _ GenMark Diagnostics Inc. (GNMK) on Thursday reported a loss of $11.6 million in its fourth quarter.

On a per-share basis, the Carlsbad, California-based company said it had a loss of 21 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The molecular diagnostics company posted revenue of $19.4 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $19.2 million.

For the year, the company reported that its loss narrowed to $50.5 million, or 91 cents per share. Revenue was reported as $70.8 million.

GenMark Diagnostics expects full-year revenue in the range of $85 million to $90 million.

GenMark Diagnostics shares have increased 40 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.82, an increase of 53 percent 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 GNMK at https://www.zacks.com/ap/GNMK