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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $10.4 million in its fourth quarter.
The Redwood City, California-based company said it had a loss of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The producer of custom industrial enzymes posted revenue of $21.5 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $29.3 million.
For the year, the company reported that its loss narrowed to $65.3 million, or 89 cents per share. Revenue was reported as $59.3 million.
Codexis expects full-year revenue in the range of $64 million to $68 million.
In the final minutes of trading on Thursday, the company's shares hit $3.93. A year ago, they were trading at $4.15.
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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 CDXS at https://www.zacks.com/ap/CDXS