On August 7, Twist Bioscience Corp fell 5.1% in regular trading, trading at $109.145/share, with turnover of $120 million. The decline extends the volatile post-earnings price action as the market continues to digest conflicting signals from the company's fiscal Q3 results.
The company reported Q3 revenue of $118.4 million, up 23.2% year-over-year and beating the analyst consensus of $114.5 million. However, EPS came in at a loss of $0.56, significantly worse than the expected loss of $0.50-$0.51 and a sharp reversal from the $0.33 per share profit in the year-ago period. The company raised its full-year revenue guidance to $456-$457 million and guided Q4 revenue to $123-$124 million, well above the FactSet consensus of $117.4 million.
Following the August 3 earnings release, shares initially plunged over 9% on the earnings miss before rebounding more than 6% on the strength of the revenue guidance. The current pullback reflects ongoing tension between strong top-line momentum and deteriorating profitability at elevated valuation levels. Evercore ISI had previously downgraded the stock to In Line from Outperform in July, raising its price target to $102.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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