NanoString Technologies (NSTG) Releases Quarterly Earnings Results
NanoString Technologies (NASDAQ:NSTG) announced its earnings results on Tuesday. The company reported ($0.58) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.65) by $0.07, StockRatingsNetwork.com reports. The company had revenue of $10.90 million for the quarter, compared to the consensus estimate of $10.20 million. NanoString Technologies’s revenue was up 51.4% compared to the same quarter last year.
NanoString Technologies (NASDAQ:NSTG) traded up 1.91% during mid-day trading on Tuesday, hitting $12.25. 93,965 shares of the company’s stock traded hands. NanoString Technologies has a one year low of $7.01 and a one year high of $22.44. The stock has a 50-day moving average of $13.76 and a 200-day moving average of $16.53. The company’s market cap is $221.3 million.
NanoString Technologies, Inc develops, manufactures and sells products, which unlock clinically actionable genomic information from minute amounts of tissue.
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