MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Thursday reported a loss of $78.2 million in its first quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of 29 cents. Losses, adjusted for one-time gains and costs, were 26 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 26 cents per share.
The maker of genetic analysis technology posted revenue of $38.8 million in the period.
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