Invitae: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:38 PM ET
Last Updated - Jun 21, 2023, 09:24 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Invitae Corp. (NVTA) on Tuesday reported a loss of $192.2 million in its first quarter.
The San Francisco-based company said it had a loss of 77 cents per share. Losses, adjusted for one-time gains and costs, came to 37 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The genetic testing company posted revenue of $117.4 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $115.2 million.
