SEATTLE (AP) _ Adaptive Biotechnologies Corp. (ADPT) on Tuesday reported a loss of $31.4 million in its first quarter.
The Seattle-based company said it had a loss of 25 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The life-sciences research company posted revenue of $20.9 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $21.6 million.
Adaptive Biotechnologies shares have risen 28% since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADPT at https://www.zacks.com/ap/ADPT
Automated Insights, source Associated Press News