NTRA - Why Natera Stock Is Soaring Today
2023-08-04 11:15:26 ET
Shares of Natera (NASDAQ: NTRA) were soaring 18.7% higher at 11:04 a.m. ET on Friday. The big gain came after the DNA testing company announced its second-quarter results following the market close on Thursday.
Natera reported Q2 revenue of $261.4 million, up 31.9% year over year. This result handily topped the consensus revenue estimate of $241.5 million.
The company posted a net loss in the second quarter of $110.8 million, or $0.97 per share. However, this reflected improvement from the net loss of $145.2 million, or $1.50 per share, in the prior-year period. It also beat the average analysts' estimate of a net loss of $1.09 per share.
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Why Natera Stock Is Soaring Today