Pacific Biosciences of California posts loss of $19 million in 4th quarter

MENLO PARK, Calif. (AP) _ Pacific Biosciences of California Inc. (PACB) on Tuesday reported a loss of $19 million in its fourth quarter.

On a per-share basis, the Menlo Park, California-based company said it had a loss of 26 cents.

The maker of genetic analysis technology posted revenue of $16.9 million in the period.

For the year, the company reported that its loss narrowed to $66.2 million, or 94 cents per share. Revenue was reported as $60.6 million.

Pacific Biosciences shares have risen slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.33, a climb of 21 percent in the last 12 months.