Adaptive Biotechnologies (ADPT) reported Loss for first quarter that decreased from last year and beat the Street estimates.
The company's earnings came in at -$47.5 million, or -$0.33 per share. This compares with -$57.7 million, or -$0.40 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.4% to $41.9 million from $37.6 million last year.
Adaptive Biotechnologies earnings at a glance (GAAP) :
-Earnings (Q1): -$47.5 Mln. vs. -$57.7 Mln. last year.
-EPS (Q1): -$0.33 vs. -$0.40 last year.
-Revenue (Q1): $41.9 Mln vs. $37.6 Mln last year.
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