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Natera Q2 Loss Narrows, Revenue Jumps
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Natera Q2 Loss Narrows, Revenue Jumps
Aug 8, 2024 1:51 PM

04:26 PM EDT, 08/08/2024 (MT Newswires) -- Natera ( NTRA ) reported a Q2 loss late Thursday of $0.30 per share, narrowing from a loss of $0.97 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.70.

Revenue for the quarter ended June 30 was $413.4 million, up from $261.4 million a year ago.

Analysts polled by Capital IQ expected $342.5 million.

The company said it now expects full-year revenue of $1.49 billion to $1.52 billion, up from its prior outlook of $1.42 billion to $1.45 billion.

Analysts surveyed by Capital IQ expect $1.43 billion.

As of June 30, the company said it had about $887.1 million in cash and cash equivalents, short-term investments, and restricted cash.

Shares of Natera ( NTRA ) were up nearly 7% in after-hours trading.

Price: 114.80, Change: +7.10, Percent Change: +6.59

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