Solazyme Gains as Results Beat Estimates: San Francisco Mover

Solazyme Inc. (SZYM), a U.S. biofuel company that produces oil from algae, surged after reporting a smaller-than-expected second-quarter loss.

Solazyme gained 13 percent to $12.65 at the close in New York, the most since November 2011.

The net loss was $25.8 million, or 28 cents a share, excluding one-time items, the South San Francisco, California-based company said in a statement released yesterday after the close of regular trading. The average per-share loss of eight analysts surveyed by Bloomberg was 36 cents.

The company’s quarterly revenue of $11.2 million exceeded the average of nine analysts’ estimates, according to data compiled by Bloomberg.

To contact the reporter on this story: Justin Doom in New York at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.