Invitae Crashed Over 14% in Premarket Trading After Surging 276.86% Yesterday for Q2 Financial Results

Tiger Newspress2022-08-11

Invitae crashed over 14% in premarket trading after surging 276.86% yesterday for Q2 financial results.

Its revenue increased 17.5% to $136.6 million, in line with analyst expectations, according to FactSet.

Stripping out one-time items, the company reported an adjusted loss of 68 cents a share. Analysts polled by FactSet had been expecting an adjusted loss of 76 cents a share.

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Comments

  • Ace43
    2022-08-11
    Ace43
    Omg! 
  • Stanlon
    2022-08-11
    Stanlon
    Damn that's not good
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