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Myriad: Q2 Earnings Snapshot
By AP News - Aug 06, 2024, 05:28 PM ET
Last Updated - Aug 06, 2024, 05:28 PM EDT
SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Myriad Genetics Inc. (MYGN) on Tuesday reported a loss of $36.7 million in its second quarter.
On a per-share basis, the Salt Lake City-based company said it had a loss of 41 cents. Earnings, adjusted for stock option expense and asset impairment costs, came to 5 cents per share.
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The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The molecular diagnostic company posted revenue of $211.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $205.5 million.
Myriad expects full-year earnings in the range of 8 cents to 12 cents per share, with revenue in the range of $835 million to $845 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYGN at https://www.zacks.com/ap/MYGN
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