MaxCyte shares are trading lower after the company said it sees a year-over-year decrease of 25 to 27 percent in preliminary Q3 total revenue.
Portfolio Pulse from Benzinga Newsdesk
MaxCyte announced a year-over-year decrease of 25 to 27 percent in preliminary Q3 total revenue, leading to a drop in its share price.
October 05, 2023 | 12:54 pm
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NEGATIVE IMPACT
MaxCyte's shares are trading lower due to a significant decrease in preliminary Q3 total revenue.
MaxCyte's announcement of a significant decrease in Q3 revenue is a negative signal to investors, leading to a drop in its share price. This indicates a potential financial instability in the company, which could further impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100