OraSure Technologies Sees Q4 Revenue $71M-$76M Vs $73.62M Est.
Portfolio Pulse from Benzinga Newsdesk
OraSure Technologies has provided its Q4 2023 revenue guidance, expecting to generate between $71M and $76M. This includes core revenue of $33M to $35M and InteliSwab® revenue of $38M to $41M. The company is also on track to exceed the $15M of annualized cost savings announced in Q1 2023.
November 08, 2023 | 1:45 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
OraSure Technologies expects to generate between $71M and $76M in Q4 2023, exceeding the $15M of annualized cost savings announced earlier. This could indicate a positive financial performance.
The company's revenue guidance for Q4 2023 is within the estimated range, and it is also on track to exceed its annualized cost savings target. This could indicate a strong financial performance, which may positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100