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Veracyte: 1Q Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) _ Veracyte Inc. (VCYT) on Wednesday reported a loss of $11.7 million in its first quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 24 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The molecular diagnostic company posted revenue of $31.1 million in the period.

Veracyte shares have fallen almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.18, an increase of roughly 7% 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 VCYT at https://www.zacks.com/ap/VCYT