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NanoString reports 4Q loss

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Wednesday reported a loss of $8.8 million in its fourth quarter.

The Seattle-based company said it had a loss of 34 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $35.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $30.3 million.

For the year, the company reported that its loss narrowed to $43.6 million, or $1.84 per share. Revenue was reported as $114.9 million.

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

NanoString shares have decreased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.53, a decrease of 65 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