Solazyme Inc. (SZYM: Quote) Tuesday reported a wider loss for the second quarter compared to last year, due mainly to higher costs and expenses.
The South San Francisco, California-based company's second-quarter net loss attributable to common stockholders was $19.24 million, compared to $16.97 million last year. On a per-share basis, loss narrowed to $0.32 from $0.61 on higher share count.
Adjusted loss for the quarter widened to $16.27 million from $10.04 million in the prior-year quarter. On a per-share basis, adjusted loss narrowed to $0.27 from $0.36 on higher share count.
On average, 13 analysts polled by Thomson Reuters expected loss of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew to $13.55 million from $7.40 million in the prior-year quarter. Ten analysts had a consensus revenue estimate of $13.11 million for the quarter.
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by RTT Staff Writer
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