Twist Bioscience Q1 EPS $(0.75) Beats $(0.78) Estimate, Sales $71.50M Beat $67.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Twist Bioscience (NASDAQ:TWST) reported Q1 earnings with losses of $(0.75) per share, surpassing the $(0.78) estimate, and sales of $71.50M, exceeding the $67.58M estimate. This represents a 1.35% decrease in losses per share compared to last year, and a 31.81% increase in sales.
February 02, 2024 | 12:31 pm
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Twist Bioscience reported better-than-expected Q1 earnings and sales, with a slight decrease in losses per share and a significant increase in sales compared to last year.
The positive earnings report, with both earnings per share and sales exceeding analyst expectations, indicates a strong financial performance by Twist Bioscience. The slight decrease in losses per share compared to last year, combined with a significant increase in sales, suggests operational efficiency and growth. This is likely to be viewed positively by investors, potentially leading to a short-term increase in TWST's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100