Cepheid Q2 Loss Widens - Quick Facts

(RTTNews) - Cepheid (CPHD) reported second-quarter net loss of $9.8 million, or $0.14 per share, wider than $6.6 million, or $0.10 per share, in the comparable quarter last year.

Non-GAAP net income for the second quarter was $2.3 million, or $0.03 per share, compared to $1.2 million, or $0.02 per share, in the year-ago period.

Revenues were $116.50 million, up from $96.01 million last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share on revenue of $115.56 million for the quarter. Analysts' estimates typically exclude special items.

For the fiscal year ending December 31, 2014, the company now expects loss in the range of $0.54 to $0.51 per share, adjusted net income in the range of $0.10 to $0.13 per share and revenue of $452 million to $461 million. Analysts now expect loss of $0.37 per share on revenue of $460.13 million.

Earlier, the company expected fiscal year 2014 loss in the range of $0.43 to $0.38 per share, adjusted net income in the range of $0.19 to $0.24 per share and revenue in the range of $446 million to $461 million.