Yahoo Finance Myriad Genetics First Quarter 2024 Earnings: Beats Expectations
Myriad Genetics (NASDAQ:MYGN) First Quarter 2024 Results
Key Financial Results
Revenue: US$202.2m (up 12% from 1Q 2023).
Net loss: US$26.0m (loss narrowed by 53% from 1Q 2023).
US$0.29 loss per share (improved from US$0.67 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Myriad Genetics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 25% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Myriad Genetics, and understanding this should be part of your investment process.
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