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Natera Q1 Loss Narrows, Revenue Rises; Full-Year Revenue Guidance Raised -- Shares Jump After Hours
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Natera Q1 Loss Narrows, Revenue Rises; Full-Year Revenue Guidance Raised -- Shares Jump After Hours
May 9, 2024 1:54 PM

04:38 PM EDT, 05/09/2024 (MT Newswires) -- Natera ( NTRA ) reported a Q1 net loss late Thursday of $0.56 per diluted share, narrower than a loss of $1.23 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.72.

Revenue for the quarter ended March 31 was $367.7 million, up from $241.8 million a year earlier.

Analysts surveyed by Capital IQ expected $315.3 million.

The company said it expects full-year 2024 revenue of $1.42 billion to $1.45 billion, compared with its prior outlook of $1.32 billion to $1.35 billion. Analysts surveyed by Capital IQ expect $1.34 billion.

Shares of the company jumped past 12% in after-hours trading.

Price: 107.11, Change: +11.56, Percent Change: +12.10

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