Pacific Biosciences: Q2 Earnings Snapshot
MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Wednesday reported a loss of $69.8 million in its second quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of 28 cents. Losses, adjusted for non-recurring costs, came to 26 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The maker of genetic analysis technology posted revenue of $47.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $40.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACB at https://www.zacks.com/ap/PACB
