MENLO PARK, Calif. (AP) — MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Thursday reported a loss of $82 million in its fourth quarter.

The Menlo Park, California-based company said it had a loss of 31 cents per share. Losses, adjusted for one-time gains and costs, were 27 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The maker of genetic analysis technology posted revenue of $58.4 million in the period.

For the year, the company reported a loss of $306.7 million, or $1.21 per share. Revenue was reported as $200.5 million.

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