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NanoString reports 4Q loss

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Wednesday reported a loss of $11.6 million in its fourth quarter.

The Seattle-based company said it had a loss of 55 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $25.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $25 million.

For the year, the company reported that its loss widened to $47.1 million, or $2.34 per share. Revenue was reported as $86.5 million.

NanoString expects a full-year loss of $2.69 to $2.51 per share, with revenue in the range of $100 million to $105 million.

NanoString shares have fallen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.09, a rise of 33 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


Keywords: NanoString Technologies, Earnings Report