NanoString: 4Q Earnings Snapshot

SEATTLE (AP) _ NanoString Technologies Inc. (NSTG) on Monday reported a fourth-quarter loss of $23 million, after reporting a profit in the same period a year earlier.

The Seattle-based company said it had a loss of 53 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The maker of diagnostic systems for the analysis of genomic information posted revenue of $36.3 million in the period.

For the year, the company reported that its loss widened to $110.1 million, or $2.82 per share. Revenue was reported as $117.3 million.

NanoString shares have increased 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $74.36, more than doubling 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 NSTG at https://www.zacks.com/ap/NSTG