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Codexis reports 3Q loss

REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a third-quarter loss of $10.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Redwood City, California-based company said it had a loss of 21 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The producer of custom industrial enzymes posted revenue of $10 million in the period, meeting Street forecasts.

Codexis expects full-year revenue in the range of $50 million to $53 million.

Codexis shares have risen 38 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.35, a climb of 34 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS