Cancer Genetics Inc (CGIX) Releases Earnings Results, Beats Expectations By $0.04 EPS

Cancer Genetics Inc (CGIX) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.43. The company posted revenue of $6.10 million in the period, compared to analysts expectations of $6.95 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.44 EPS.

Cancer Genetics Inc closed down -0.03 points or -1.29% at $2.3 with 25,582 shares getting traded on Friday. Post opening the session at $2.35, the shares hit an intraday low of $2.3 and an intraday high of $2.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 18, 2016, Howard Mcleod (director) purchased 1,000 shares at $2.71 per share price. According to the SEC, on Mar 17, 2016, Panna Sharma (CEO) purchased 1,500 shares at $2.59 per share price. On Mar 17, 2016, Michael J. Welsh (director) purchased 40 shares at $2.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Cancer Genetics Inc. is an oncology diagnostics company focused on developing commercializing and providing DNA-based tests and services. The business is based on demand for DNA-based diagnostic services from three main sectors including cancer centers and hospitals biotechnology and biopharmaceutical companies and the research community. Its clinical offerings include its portfolio of proprietary tests targeting hematological urogenital and HPV-associated cancers in conjunction with ancillary non-proprietary tests. Biopharma services include laboratory and testing services performed for biopharmaceutical companies engaged in clinical trials. Discovery services provide the tools and testing methods for companies and researchers seeking to identify new DNA-based biomarkers for disease.

Cancer Genetics Inc

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