SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Invitae Corp. (NVTA) on Tuesday reported a loss of $99.8 million in its fourth quarter.
The San Francisco-based company said it had a loss of 41 cents per share. Losses, adjusted for one-time gains and costs, came to 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The genetic testing company posted revenue of $122.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $120.4 million.
For the year, the company reported a loss of $3.11 billion, or $13.18 per share. Revenue was reported as $516.3 million.
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