FORT MYERS, Fla. (AP) — FORT MYERS, Fla. (AP) — NeoGenomics Inc. (NEO) on Tuesday reported a loss of $27.1 million in its first quarter.
On a per-share basis, the Fort Myers, Florida-based company said it had a loss of 21 cents. Losses, adjusted for amortization costs and stock option expense, were 2 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The operator of cancer-focused testing laboratories posted revenue of $156.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $149.8 million.
NeoGenomics expects full-year results to range from a loss of 57 cents per share to earnings of 4 cents per share, with revenue in the range of $650 million to $660 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEO at https://www.zacks.com/ap/NEO
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
