SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Myriad Genetics Inc. (MYGN) on Thursday reported a loss of $116.1 million in its second quarter.
The Salt Lake City-based company said it had a loss of $1.42 per share. Losses, adjusted for non-recurring costs and stock option expense, came to 8 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The molecular diagnostic company posted revenue of $183.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $186 million.
Myriad expects full-year results to range from a loss of 36 cents per share to a loss of 24 cents per share, with revenue in the range of $730 million to $750 million.
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