FORT MYERS, Fla. (AP) — FORT MYERS, Fla. (AP) — NeoGenomics Inc. (NEO) on Tuesday reported a loss of $9.9 million in its fourth quarter.
The Fort Myers, Florida-based company said it had a loss of 8 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The operator of cancer-focused testing laboratories posted revenue of $190.2 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $188.5 million.
For the year, the company reported a loss of $108 million, or 84 cents per share. Revenue was reported as $727.3 million.
NeoGenomics expects full-year revenue in the range of $793 million to $801 million.
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