Codexis (CDXS) Reports Q1 Loss, Misses Revenue Estimates

Codexis shares have lost about 46.3% since the beginning of the year versus the S&P 500's gain of 0.1%. Codexis (CDXS) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this producer of custom industrial enzymes would post a loss of $0.02 per share whe ...