SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Thursday reported a loss of $16.5 million in its third quarter.

The Seattle-based company said it had a loss of 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $28.6 million in the period.

NanoString expects full-year earnings to be $2.50 to $2.60 per share, with revenue in the range of $104 million to $106 million.

NanoString shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.09, a rise of 89 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSTG at https://www.zacks.com/ap/NSTG

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.