BioLife Solutions shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
BioLife Solutions reported worse-than-expected Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.
August 09, 2023 | 3:00 pm
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NEGATIVE IMPACT
BioLife Solutions' shares are trading lower due to worse-than-expected Q2 results and lower FY23 revenue guidance.
BioLife Solutions' worse-than-expected Q2 results and lower FY23 revenue guidance are negative indicators for the company's financial health, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100