* Adaptive Biotechnologies Corp reported a quarterly adjusted loss of 31 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of eight analysts for the quarter was for a loss of 33 cents per share. Wall Street expected results to range from -37 cents to -27 cents per share.
* Revenue fell 11.7% to $43.19 million from a year ago; analysts expected $38.66 million.
* Adaptive Biotechnologies Corp's reported EPS for the quarter was a loss of 31 cents.
* The company reported a quarterly loss of $46.22 million.
* Adaptive Biotechnologies Corp shares had risen by 25.7% this quarter and lost 7.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the biotechnology & medical research peer group is also "buy"
Wall Street's median 12-month price target for Adaptive Biotechnologies Corp is $6.00 This summary was machine generated from LSEG data August 1 at 10:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 -0.33 -0.31 Beat
Mar. 31 2024 -0.34 -0.33 Beat
Dec. 31 2023 -0.33 -0.30 Beat
Sep. 30 2023 -0.34 -0.35 Missed
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