Standard BioTools Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-01

Standard BioTools (NASDAQ:LAB) Third Quarter 2024 Results Key Financial Results Revenue: US$45.0m (up 77% from 3Q 2023). Net loss: US$26.9m (loss widened by 28% from 3Q 2023). US$0.073 loss per share...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 9.7%. Earnings per share  also surpassed analyst estimates by 26%.Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.The company's shares are up 17% from a week ago.Before you take the next step you should know about the 3 warning signs for Standard BioTools (1 is concerning!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LAB":"Standard BioTools Inc.","SMP":"Standard Motor Products Inc"},"translate_title":"Standard Biotools 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMP":1,"LAB":0.9},"content_text":"Standard BioTools (NASDAQ:LAB) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$45.0m (up 77% from 3Q 2023).\nNet loss: US$26.9m (loss widened by 28% from 3Q 2023).\nUS$0.073 loss per share.\n\n\n\n\n  NasdaqGS:LAB Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nStandard BioTools Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 26%. \n Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US. \nPerformance of the American Life Sciences industry.\n The company's shares are up 17% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 3 warning signs for Standard BioTools (1 is concerning!) that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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