Codexis: Q2 Earnings Snapshot

Published 2 months ago Negative
Codexis: Q2 Earnings Snapshot
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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Wednesday reported a loss of $13.3 million in its second quarter.

The Redwood City, California-based company said it had a loss of 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The producer of custom industrial enzymes posted revenue of $15.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $15 million.

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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 CDXS at https://www.zacks.com/ap/CDXS

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