Pacific Biosciences of California Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.2024-11-12

Pacific Biosciences of California (NASDAQ:PACB) Third Quarter 2024 Results Key Financial Results Revenue: US$40.0m (down 28% from 3Q 2023). Net loss: US$60.7m (loss narrowed by 9.2% from 3Q 2023). US...

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NasdaqGS:PACB Earnings and Revenue Growth November 12th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 4.5%. Earnings per share  exceeded analyst estimates by 7.0%.Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US.The company's shares are down 2.0% from a week ago.It is worth noting though that we have found 3 warning signs for Pacific Biosciences of California (1 is a bit concerning!) that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PACB":"Pacific Biosciences of Californi"},"translate_title":"加州太平洋生物科学公司2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PACB":1},"content_text":"Pacific Biosciences of California (NASDAQ:PACB) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$40.0m (down 28% from 3Q 2023).\nNet loss: US$60.7m (loss narrowed by 9.2% from 3Q 2023).\nUS$0.22 loss per share (improved from US$0.26 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:PACB Earnings and Revenue Growth November 12th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nPacific Biosciences of California EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. \n Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Life Sciences industry in the US. \nPerformance of the American Life Sciences industry.\n The company's shares are down 2.0% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 3 warning signs for Pacific Biosciences of California (1 is a bit concerning!) that you need to take into consideration. \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. 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