NanoString Technologies Releases Fourth Quarter and Full Year 2020 Operating Results and Provides 2021 Financial Outlook
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NanoString Technologies (NSTG) Misses Q4 EPS by 4c, Revenues Beat; Offers FY21 Revenues Guidance Below Consensus
March 1, 2021 4:19 PM ESTNanoString Technologies (NASDAQ: NSTG) reported Q4 EPS of ($0.53), $0.04 worse than the analyst estimate of ($0.49). Revenue for the quarter came in at $35.7 million versus the consensus estimate of $34.65 million.
Fourth Quarter Financial Highlights
Product and service revenue of $35.7 million, 6% year-over-year growth. On a pro forma basis, reflecting the impact of the Veracyte transaction on revenue recorded for Prosigna® IVD kits, product and service revenue increased by 9%Instrument revenue of $15.3 million, 11%... More
