Cepheid Slips To Loss In Q1; Cuts FY14 Adj. EPS Outlook - Quick Facts

(RTTNews) - Cepheid (CPHD) reported first-quarter net loss of $9.3 million, or $0.13 per share, compared to net income of $0.3 million, or $0.00 per share, in the comparable quarter last year.

Non-GAAP net loss for the first quarter was $0.6 million, or $0.01 per share, compared to net income of $7.8 million, or $0.11 per share, in the year-ago period.

Revenues were $106.91 million, up from $91.94 million last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenue of $104.94 million for the quarter. Analysts' estimates typically exclude special items.

For the fiscal year ending December 31, 2014, the company now expects loss in the range of $0.43 to $0.38 per share and adjusted net income in the range of $0.19 to $0.24 per share. Analysts now expect loss of $0.24 per share.

Earlier, the company expected fiscal year 2014 loss in the range of $0.26 to $0.21 per share and adjusted net income in the range of $0.24 to $0.29 per share.

The company continues to expect revenue in the range of $446 million to $461 million. Analysts currently expect revenue of $457.71 million.