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NanoString reports 3Q loss

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Thursday reported a loss of $11.4 million in its third quarter.

The Seattle-based company said it had a loss of 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $27 million in the period.

NanoString expects full-year earnings to be $1.86 to $1.99 per share, with revenue in the range of $109 million to $112 million.

NanoString shares have dropped 56 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.78, a drop of 47 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