Cepheid Q3 Loss Narrows; Lifts FY13 Adj. EPS Outlook - Quick Facts

(RTTNews) - Cepheid (CPHD) reported third-quarter net loss of $1.4 million, or $0.02 per share, narrower than $21.3 million, or $0.32 per share, last year.

Excluding employee stock-based compensation and amortization of purchased intangible assets, adjusted net income was $6.5 million, or $0.09 per share, up from $0.9 million, or $0.01 per share in the previous year quarter.

Revenues were $100.08 million, up 24% from $80.47 million last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share on revenue of $93.86 million for the quarter. Analysts' estimates typically exclude special items.

For the fiscal year ending December 31, 2013, the company expects loss in the range of $0.26 to $0.24 per share, adjusted net income in the range of $0.22 to $0.24 per share and total revenue in the range of $389 million to $391 million. Analysts expect the company to report a loss of $0.26 per share on revenue of $383.47 million.

Earlier, the company expected loss per share of $0.30 to profit of $0.27, adjusted net income in the range of $0.18 to $0.21 per share and total revenue to be in the range of $380 million to $385 million.