10x Genomics Sees FY24 Revenue $670M-$690M Vs $702.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
10x Genomics projects its FY24 revenue to be between $670M-$690M, which is below the estimated $702.06M.

February 15, 2024 | 9:49 pm
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10x Genomics projects lower-than-expected FY24 revenue, estimating between $670M-$690M against a $702.06M consensus.
The projected revenue for FY24 by 10x Genomics is below the market estimate, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The direct mention of the company and specific financial figures provides a clear basis for anticipating the impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100