Natera Q3 Loss Narrows, Revenue Rise; 2024 Revenue Guidance Increased -- Shares Jump After Hours

MT Newswires Live
2024-11-13

Natera (NTRA) reported a Q3 loss late Tuesday of $0.26 per diluted share, narrowing from a loss of $0.95 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.59.

Revenue for the quarter ended Sept. 30 was $439.8 million, up from $268.3 million a year earlier.

Analysts polled by Capital IQ expected $361.1 million.

The company said it now expects full-year 2024 revenue of $1.61 billion to $1.64 billion, up from its prior outlook of $1.49 billion to $1.52 billion.

Analysts surveyed by Capital IQ expect $1.51 billion.

As of Sept. 30, the company said it had about $922.3 million in cash and cash equivalents, short-term investments, and restricted cash.

Shares of Natera were up 9.5% in after-hours activity.

Price: 147.99, Change: +12.87, Percent Change: +9.52

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