By Amira McKee
Shares of CareDX were higher after the medical supplies company forecast higher fourth-quarter revenue and sales gains across its business segments.
The stock rose 15% to $19.65 in Monday morning trading. Shares have fallen 17% in the past year.
The Brisbane company logged preliminary figures, predicting fourth-quarter revenue of $108 million, up 25% from the same period a year ago. Analysts polled by FactSet are expecting $102.7 million.
Full-year revenue is seen at $380 million, a 14% increase year-over-year. The company had previously guided for 2025 revenue of $372 million to $376 million.
In its 2025 fiscal year, the company said it saw gains across several sales channels, including a 10% increase in testing services revenue and 19% rise in product revenue. Patient and digital solutions revenue is seen rising 31% to about $57 million.
"We had another quarter of strong testing services volume growth and record revenue across all segments of our business," said John W. Hanna, president and chief executive officer. "Our solutions selling strategy is working. In 2026, we plan to build on this commercial momentum and advance our Transplant+ innovation pipeline."
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
January 12, 2026 11:19 ET (16:19 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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