Veracyte: Q3 Earnings Insights

Veracyte VCYT reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.

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

Earnings

Veracyte missed estimated earnings by 173.33%, reporting an EPS of $-0.41 versus an estimate of $-0.15.

Revenue was up $14.52 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 7.04% increase in the share price the next day.

Here's a look at Veracyte's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.14 -0.13 -0.15 -0.25
EPS Actual -0.12 -0.11 -0.05 -0.12
Revenue Estimate 74.66M 75.81M 74.91M 66.44M
Revenue Actual 90.32M 82.42M 80.30M 75.59M

To track all earnings releases for Veracyte visit their earnings calendar here.

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

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