SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Veracyte Inc. (VCYT) on Wednesday reported third-quarter profit of $15.2 million.
The South San Francisco, California-based company said it had net income of 19 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The molecular diagnostic company posted revenue of $115.9 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $109.5 million.
Veracyte expects full-year revenue in the range of $442 million to $445 million.
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