Amyris Inc (AMRS) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Amyris Inc (AMRS) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $-0.11. The company posted revenue of $8.80 million in the period, compared to analysts expectations of $10.70 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

Amyris Inc opened for trading at $0.88 and hit $0.88 on the upside on Friday, eventually ending the session at $0.84, with a gain of 2.44% or 0.02 points. The heightened volatility saw the trading volume jump to 4,97,201 shares. Company has a market cap of $173 M.

In a different news, on Jul 31, 2015, L John Doerr (director) purchased 9,615,384 shares at $1.56 per share price. According to the SEC, on Jun 5, 2015, John Melo (President and CEO) sold 61,276 shares at $2.00 per share price.

Amyris Inc. is a renewable products company. The Company is focused on providing sustainable alternatives to a range of petroleum-sourced products used in consumer care specialty chemical and transportation fuel markets around the world. The Company developed microbial engineering and screening technologies that modify the way microorganisms’ process sugars. The Company using its industrial bioscience technology to design microbes primarily yeast and use them as living factories in established fermentation processes to convert plant-sourced sugars into renewable hydrocarbons. The Company has focused its commercialization efforts on a renewable hydrocarbon molecule called farnesene (Biofene) which forms the basis for a range of products including emollients flavors and fragrance oils and diesel fuel.

Amyris Inc

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