Pacific Biosciences: Q4 Earnings Snapshot

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MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Thursday reported fourth-quarter profit of $3.6 million.

The Menlo Park, California-based company said it had net loss of 49 cents per share. Losses, adjusted for one-time gains and costs, came to 20 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 20 cents per share.

The maker of genetic analysis technology posted revenue of $39.2 million in the period.

For the year, the company reported a loss of $308.7 million, or $1.58 per share. Revenue was reported as $154 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 PACB at https://www.zacks.com/ap/PACB