Latest News by Industry
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $12.6 million in its fourth quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 19 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The producer of custom industrial enzymes posted revenue of $30.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $29.1 million.
For the year, the company reported that its loss widened to $33.6 million, or 51 cents per share. Revenue was reported as $138.6 million.
Codexis expects full-year revenue in the range of $63 million to $68 million.
Codexis shares have risen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.49, a decline of 68% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CDXS">Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS