Senomyx Q1 Loss Narrows; Backs FY14 Outlook

(RTTNews) - Senomyx, Inc. (SNMX) reported a net loss for the fourth quarter of $2.0 million or $0.05 per share, narrower than $3.0 million or $0.07 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share. Analysts' estimates typically exclude special items.

Total revenues were $8.20 million, up from $7.48 million in the same period last year, while two analysts expected revenue of $7.60 million.

For the full year 2014, Senomyx continues to expect a net loss of $10 million to $12 million or $0.23 to $0.28 per share and total revenues in the range of $32 million to $35 million. Analysts currently expect loss of $0.24 per share on revenue of $35.25 million.