Invitae reports 4Q loss

Invitae reports fourth-quarter loss but meets expectations

SAN FRANCISCO (AP) _ Invitae Corp. (NVTA) on Monday reported a loss of $24.8 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 69 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 69 cents per share.

The genetic testing company posted revenue of $9.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $9.1 million.

For the year, the company reported that its loss widened to $100.3 million, or $3.02 per share. Revenue was reported as $25 million.

Invitae expects full-year revenue in the range of $55 million to $65 million.

Invitae shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.16, a rise of 40 percent 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 Zacks stock report on NVTA at https://www.zacks.com/ap/NVTA

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Keywords: Invitae, Earnings Report

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