Cytek Biosciences Q4 Sales $58.60M Beat $56.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cytek Biosciences reported Q4 sales of $58.60M, surpassing the $56.58M estimate, marking a 21.25% increase from last year's $48.34M.
February 28, 2024 | 10:11 pm
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Cytek Biosciences exceeded Q4 sales estimates with $58.60M, a 21.25% increase from the previous year.
Beating sales estimates and showing significant year-over-year growth are strong indicators of a company's performance and potential for stock price appreciation. Investors often react positively to such news, which can lead to a short-term increase in stock price.
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