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MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Thursday reported a loss of $426.1 million in its first quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of $1.44. Losses, adjusted for one-time gains and costs, came to 15 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The maker of genetic analysis technology posted revenue of $37.2 million in the period.
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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 PACB at https://www.zacks.com/ap/PACB