Stock Track | Myriad Genetics Plunges 6.48% Pre-market Following Q3 Losses and Cautious Outlook

Stock Track11-04

Shares of Myriad Genetics (NASDAQ: MYGN) tumbled 6.48% in pre-market trading on Tuesday, extending the 7.09% drop seen in after-hours trading on Monday. The steep decline comes in the wake of the company's third-quarter 2025 financial results release, which revealed substantial losses despite a slight revenue beat.

For Q3 2025, Myriad Genetics reported revenue of $205.7 million, marginally surpassing analyst estimates of $205.2 million. However, the genetic testing company posted a net loss of $27.4 million, equivalent to an earnings per share (EPS) of -$0.29. On an adjusted basis, the company broke even with $0 EPS, narrowly beating the expected -$0.01 per share. The quarter's operating loss stood at $23.3 million, despite a gross margin of 69.9%.

Adding to investor concerns, Myriad Genetics provided a cautious outlook for the full fiscal year 2025. The company expects annual revenue in the range of $818-828 million, with adjusted EPS projected between -$0.02 and $0.02. This guidance suggests the possibility of continued losses, which likely contributed to the sharp sell-off. As the genetic testing market becomes increasingly competitive, Myriad Genetics' ability to achieve profitability remains a key focus for investors, leading to the significant pre-market plunge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment