NanoString Technologies, Inc. (NASDAQ:NSTG) is set to announce second quarter earning results on Monday 10th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NSTG to report 2Q20 loss of $ 0.52 per share.
For the full year, analysts anticipate top line of $ 110.47 million, while looking forward to loss of $ 2.49 per share bottom line.
Previous Quarter Performance
NanoString Technologies, Inc. unwinded loss for the first quarter of $ 0.67 per share, from the revenue of $ 26.61 million. The quarterly revenues gained 4.27 percent compared with the same quarter last year. According to street consensus, NSTG was expected to report 1Q20 loss of $ 0.52 per share from revenue of $ 25.42 million. The bottom line results missed street analysts by $ 0.15 or 28.85 percent, at the same time, top line results outshined analysts by $ 1.19 million or 4.68 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NSTG was $ 35.26, representing a 154.58 % increase from the 52 week low of $ 13.85 and a 8.18 % decrease over the 52 week high of $ 38.40.
The company has a market capital of $ 1.33 billion and is part of the Healthcare sector and Biotechnology industry.
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Conference Call
NanoString Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nanostring.com
NanoString Technologies, Inc. provides life science tools for translational research and molecular diagnostic products worldwide. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system.
