Ginkgo Bioworks Holdings: Q1 Earnings Insights

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Ginkgo Bioworks Holdings DNA reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:01 PM.

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

Earnings

Ginkgo Bioworks Holdings missed estimated earnings by 22.22%, reporting an EPS of $-0.11 versus an estimate of $-0.09.

Revenue was down $87.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 0.0% increase in the share price the next day.

Here's a look at Ginkgo Bioworks Holdings's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.21 -0.30 -0.04
EPS Actual -0.10 -0.41 -0.41 -0.38
Revenue Estimate 88.66M 60.36M 43.64M 105.68M
Revenue Actual 98.28M 66.40M 144.62M 168.41M

To track all earnings releases for Ginkgo Bioworks Holdings visit their earnings calendar here.

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

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Posted In: EarningsBZI-Recaps
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