06.11.2023 22:57:02 - dpa-AFX: Myriad Genetics Inc. Q3 Loss Increases, but beats estimates

WASHINGTON (dpa-AFX) - Myriad Genetics Inc. (MYGN) released Loss for its
third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled -$61.3 million, or -$0.75 per share. This
compares with -$35.1 million, or -$0.43 per share, in last year's third quarter.

Excluding items, Myriad Genetics Inc. reported adjusted earnings of -$2.3
million or -$0.03 per share for the period.

Analysts on average had expected the company to earn -$0.08 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 22.7% to $191.9 million from $156.4
million last year.

Myriad Genetics Inc. earnings at a glance (GAAP) :

-Earnings (Q3): -$61.3 Mln. vs. -$35.1 Mln. last year.
-EPS (Q3): -$0.75 vs. -$0.43 last year.
-Analyst Estimate: -$0.08
-Revenue (Q3): $191.9 Mln vs. $156.4 Mln last year.

-Guidance:
Full year EPS guidance: (-$0.33) - (-$0.28)
Full year revenue guidance: $747 - $753 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MYRIAD GENETICS DL-,01 897518 Frankfurt 20,400 05.06.24 08:02:03 ±0,000 ±0,00% 20,800 21,000 20,400 20,400

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