Invitae: Q3 Earnings Snapshot
By AP News
Published - Nov 08, 2023, 04:36 PM ET
Last Updated - Nov 08, 2023, 04:36 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Invitae Corp. (NVTA) on Wednesday reported a loss of $942.1 million in its third quarter.
The San Francisco-based company said it had a loss of $3.42 per share. Losses, adjusted for restructuring costs and amortization costs, came to 10 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 30 cents per share.
The genetic testing company posted revenue of $121.2 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $121 million.
