Abcam Says Total Revenue And Adjusted Operating Profit Are Trending In-line With First Half And Full Year 2023 Board Expectations
Portfolio Pulse from Benzinga Newsdesk
Abcam's total revenue and adjusted operating profit are trending in line with the board's expectations for H1 and full year 2023. H1 2023 estimated revenues grew approximately 10% on a reported basis or 5.5% on a constant exchange rate basis, compared to 20% growth in the comparable prior period. The adjusted operating profit margin is up by approximately 300 basis points to over 26% for the half.
July 05, 2023 | 8:50 pm
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Abcam's H1 2023 revenues and adjusted operating profit are in line with board expectations. The company's revenues grew 10% on a reported basis, and the adjusted operating profit margin increased by 300 basis points to over 26%.
The news is directly related to Abcam and its financial performance. The company's revenues and adjusted operating profit are in line with expectations, which is a positive sign for investors. The increase in the adjusted operating profit margin indicates improved profitability, which could positively impact the company's stock price in the short term.
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