REDWOOD CITY, Calif. (AP) _ Guardant Health Inc. (GH) on Tuesday reported a loss of $11.6 million in its second quarter.
The Redwood City, California-based company said it had a loss of 13 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The provider of oncology testing services posted revenue of $54 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $35.5 million.
Guardant Health expects full-year revenue in the range of $180 million to $190 million.
Guardant Health shares have more than doubled since the beginning of the year.