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NanoString: 1Q Earnings Snapshot

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Tuesday reported a loss of $19.2 million in its first quarter.

On a per-share basis, the Seattle-based company said it had a loss of 75 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $23.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $21.5 million.

NanoString expects full-year earnings to be $2.60 to $2.90 per share, with revenue in the range of $100 million to $105 million.

NanoString shares have climbed 33 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.95, a fall of 46 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 NSTG at https://www.zacks.com/ap/NSTG