Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Invitae: Q1 Earnings Snapshot
By AP News - 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.
Sponsored
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.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NVTA">Zacks stock report on NVTA at https://www.zacks.com/ap/NVTA
Sponsored
Read More from Investing
Popular News
Latest News
