NanoString Technologies (NSTG) Misses Q2 EPS by 20c, Revenues Beat

NanoString Technologies (NASDAQ: NSTG) reported Q2 EPS of ($0.72), $0.20 worse than the analyst estimate of ($0.52). Revenue for the quarter came in at $22.6 million versus the consensus estimate of $16.16 million.

“We extended our spatial genomics market leadership in the second quarter, generating orders for 20 new GeoMx DSP systems. We recently enabled GeoMx DSP with read-out on next generation sequencers, which significantly expands our market opportunity in the large discovery research community,” said Brad Gray, President and CEO of NanoString. “In addition, despite COVID-19 headwinds we had better than expected nCounter instrument placements and consumable pull-through in the second quarter.”

For earnings history and earnings-related data on NanoString Technologies (NSTG) click here.

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