Amyris Inc (AMRS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.12. The company posted revenue of $9.60 million in the period, compared to analysts expectations of $15.20 million. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.47 EPS.
Amyris Inc closed down -0.012 points or -3.53% at $0.328 with 8,17,721 shares getting traded on Tusday. Post opening the session at $0.3486, the shares hit an intraday low of $0.3206 and an intraday high of $0.3527 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 16, 2016, L John Doerr (director) purchased 200,577 shares at $1.04 per share price. According to the SEC, on Jun 16, 2016, John Melo (President and CEO) sold 200,577 shares at $1.04 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.