Sophia Genetics shares are trading lower after the company reported worse than expected Q4 earnings and issued 2024 guidance.
Portfolio Pulse from Benzinga Newsdesk
Sophia Genetics shares dropped following a report of disappointing Q4 earnings and a less optimistic outlook for 2024.
March 05, 2024 | 1:44 pm
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Sophia Genetics shares declined due to poor Q4 earnings and subdued 2024 guidance.
The negative reaction in Sophia Genetics' stock price is directly tied to the company's reported lower-than-expected earnings for Q4 and its issuance of a weaker guidance for 2024. This news is likely to shake investor confidence in the company's short-term growth prospects, leading to a decrease in stock price.
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