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AP National Business

Pacific Biosciences: Q4 Earnings Snapshot

KION
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Published 1:17 PM

MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Thursday reported a loss of $84.4 million in its fourth quarter.

On a per-share basis, the Menlo Park, California-based company said it had a loss of 37 cents. Losses, adjusted for non-recurring costs and amortization costs, were 35 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 35 cents per share.

The maker of genetic analysis technology posted revenue of $27.4 million in the period.

For the year, the company reported a loss of $314.2 million, or $1.40 per share. Revenue was reported as $128.3 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 PACB at https://www.zacks.com/ap/PACB

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