REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $22.8 million in its second quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 32 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The producer of custom industrial enzymes posted revenue of $8 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $7.6 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.15. A year ago, they were trading at $2.29.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS
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