10x Genomics: Q1 Earnings Insights

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10x Genomics TXG reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

10x Genomics missed estimated earnings by 18.92%, reporting an EPS of $-0.44 versus an estimate of $-0.37.

Revenue was up $19.79 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.16 which was followed by a 11.15% increase in the share price the next day.

Here's a look at 10x Genomics's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.31 -0.46 -0.39 -0.31
EPS Actual -0.15 -0.37 -0.57 -0.38
Revenue Estimate 148.69M 129.58M 117.19M 113.34M
Revenue Actual 156.23M 131.07M 114.61M 114.50M

To track all earnings releases for 10x Genomics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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