BRISBANE, Calif. (AP) — BRISBANE, Calif. (AP) — CareDx Inc. (CDNA) on Thursday reported a loss of $16.7 million in its first quarter.
The Brisbane, California-based company said it had a loss of 32 cents per share. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 3 cents per share.
The molecular diagnostics company posted revenue of $72 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $63.6 million.
CareDx expects full-year revenue in the range of $274 million to $282 million.
CareDx shares have fallen nearly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.06, a climb of 30% 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 CDNA at https://www.zacks.com/ap/CDNA
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
