Fulgent Genetics, Inc. (FLGT) announced Loss for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled -$13.46 million, or -$0.45 per share. This compares with -$15.34 million, or -$0.52 per share, in last year's first quarter.
Excluding items, Fulgent Genetics, Inc. reported adjusted earnings of -$0.27 million or -$0.01 per share for the period.
Analysts on average had expected the company to earn -$0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.5% to $64.49 million from $66.17 million last year.
Fulgent Genetics, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$13.46 Mln. vs. -$15.34 Mln. last year.
-EPS (Q1): -$0.45 vs. -$0.52 last year.
-Revenue (Q1): $64.49 Mln vs. $66.17 Mln last year.
-Guidance:
Full year EPS guidance: Approx. $-1.05
Full year revenue guidance: Approx. $280 Mln
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