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NanoString: 1Q Earnings Snapshot

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Thursday reported a loss of $21.9 million in its first quarter.

On a per-share basis, the Seattle-based company said it had a loss of 69 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $27.7 million in the period.

NanoString expects a full-year loss of $2.45 to $2.30 per share, with revenue in the range of $118 million to $123 million.

NanoString shares have increased 82% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.01, more than doubling 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 NSTG at https://www.zacks.com/ap/NSTG