PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Guardant Health Inc. (GH) on Wednesday reported a loss of $95.2 million in its first quarter.
The Palo Alto, California-based company said it had a loss of 77 cents per share. Losses, adjusted for one-time gains and costs, were 49 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The provider of oncology testing services posted revenue of $203.5 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $191.1 million.
Guardant Health expects full-year revenue in the range of $880 million to $890 million.
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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 GH at https://www.zacks.com/ap/GH
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