Actual Sciences Corp. EXAS shares are dropping after the corporate reported its third-quarter outcomes after Tuesday’s closing bell. Here is a have a look at the main points.
The Particulars: Actual Sciences reported quarterly GAAP losses of 21 cents per share, which missed the analyst consensus estimate for losses of 20 cents. Quarterly gross sales of $709 million missed the consensus estimate of $717.66 million.
“The Actual Sciences’ staff helps eradicate most cancers whereas strengthening our platform and rising our enterprise effectively,” mentioned Kevin Conroy, CEO of Actual Sciences.
“Throughout the third quarter, we delivered take a look at outcomes to extra sufferers than ever earlier than, improved profitability, and achieved key milestones in our pipeline of modern most cancers diagnostics. Whereas we’ve made progress, our execution throughout the third quarter and up to date outlook for the total yr don’t replicate our full potential. We plan to speed up development in 2025, and our long-term outlook stays robust,” Conroy added.
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Outlook: Actual Sciences sees fiscal yr 2024 complete income in a spread of $2.73 billion to $2.75 billion, under the $2.83 billion estimate.
EXAS Value Motion: In line with Benzinga Pro, Actual Sciences shares are down 27.98% after-hours at $51.50 on the time of publication Tuesday.
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Photograph: Courtesy of Actual Sciences Company
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