MADISON, Wis. (AP) — MADISON, Wis. (AP) — Exact Sciences Corp. (EXAS) on Monday reported a loss of $19.6 million in its third quarter.
On a per-share basis, the Madison, Wisconsin-based company said it had a loss of 10 cents. Earnings, adjusted for restructuring costs and amortization costs, were 24 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The molecular diagnostics company posted revenue of $850.7 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $810.4 million.
Exact Sciences expects full-year revenue in the range of $3.22 billion to $3.24 billion.
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