NanoString shares are trading higher after the company said it expects Q2 revenue to be over $44 million, above the upper end of its guidance range and the $41 million consensus estimate. The company also reiterated FY23 revenue guidance above the consensus estimate.
Portfolio Pulse from Benzinga Newsdesk
NanoString Technologies (NSTG) has announced that it expects its Q2 revenue to exceed $44 million, surpassing both its own guidance and the consensus estimate of $41 million. The company also reiterated its FY23 revenue guidance, which is above the consensus estimate.
July 10, 2023 | 3:04 pm
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POSITIVE IMPACT
NanoString's higher than expected Q2 revenue and reiterated FY23 revenue guidance could lead to a positive impact on its stock price.
NanoString's announcement of higher than expected Q2 revenue and reiterated FY23 revenue guidance indicates strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100