ChromaDex: 1Q Earnings Snapshot
LOS ANGELES (AP) _ ChromaDex Inc. (CDXC) on Monday reported a loss of $5.9 million in its first quarter.
The Los Angeles-based company said it had a loss of 10 cents per share. Losses, adjusted for severance costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The natural products company posted revenue of $14.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $13.8 million.
ChromaDex shares have climbed 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.49, a rise of 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXC at https://www.zacks.com/ap/CDXC