SEATTLE (AP) — SEATTLE (AP) — NanoString Technologies Inc. (NSTG) on Wednesday reported a loss of $41.2 million in its first quarter.
On a per-share basis, the Seattle-based company said it had a loss of 88 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The maker of diagnostic systems for the analysis of genomic information posted revenue of $35.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $32.9 million.
NanoString expects full-year revenue in the range of $175 million to $185 million.
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