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Invitae: Q2 Earnings Snapshot
By AP News - Aug 08, 2023, 04:42 PM ET
Last Updated - Aug 08, 2023, 04:42 PM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Invitae Corp. (NVTA) on Tuesday reported a loss of $206.5 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 78 cents. Losses, adjusted for restructuring costs and amortization costs, were 30 cents per share.
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The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The genetic testing company posted revenue of $120.5 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $121.2 million.
Invitae expects full-year revenue in the range of $480 million to $500 million.
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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
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