SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Standard BioTools Inc. (LAB) on Tuesday reported a loss of $26 million in its first quarter.
On a per-share basis, the South San Francisco, California-based company said it had a loss of 7 cents. Losses, adjusted for stock option expense and restructuring costs, came to 4 cents per share.
The company that makes equipment to control fluids posted revenue of $40.8 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $40.1 million.
Standard BioTools expects full-year revenue in the range of $165 million to $175 million.
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