SAN FRANCISCO (AP) _ Invitae Corp. (NVTA) on Tuesday reported a loss of $102.2 million in its first quarter.
The San Francisco-based company said it had a loss of $1.03 per share. Losses, adjusted for costs related to mergers and acquisitions and amortization costs, came to 80 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 84 cents per share.
The genetic testing company posted revenue of $64.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $62.1 million.
Invitae shares have risen slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.67, a decrease of 33% in the last 12 months.