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NanoString: 3Q Earnings Snapshot

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Thursday reported a loss of $16.5 million in its third quarter.

The Seattle-based company said it had a loss of 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $28.6 million in the period.

NanoString expects full-year earnings to be $2.50 to $2.60 per share, with revenue in the range of $104 million to $106 million.

NanoString shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.09, a rise of 89 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