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BRISBANE, Calif. (AP) — BRISBANE, Calif. (AP) — CareDx Inc. (CDNA) on Wednesday reported a loss of $23.7 million in its first quarter.
On a per-share basis, the Brisbane, California-based company said it had a loss of 44 cents. Losses, adjusted for stock option expense and non-recurring costs, were 11 cents per share.
The molecular diagnostics company posted revenue of $77.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $80 million.
CareDx shares have fallen 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.59, a drop of 63% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CDNA">Zacks stock report on CDNA at https://www.zacks.com/ap/CDNA