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Calyxt Posts Wider-Than-Expected Q2 Loss

4:02AM ET 8/07/2019 MT Newswires
Calyxt (CLXT), a Minnesota-based food ingredients company, on Tuesday reported Q2 loss of $0.29 per share, compared with loss of $0.25 in the year-ago quarter and wider than the GAAP loss of $0.26 forecast by analysts surveyed by Capital IQ.

Q2 2019 revenue stood at $408,000, higher than the year-ago quarter revenue of $196,000, but lower than the average revenue estimate of $1.9 million.

The company's stock closed at $6.83, down 11.4%, on Tuesday. The stock further declined 4.1% during after-hours trading.

Price: 6.83, Change: -0.88, Percent Change: -11.41