Twist Bioscience Expects Total Revenue Of $77M For Q3 (Est $73.799M), $77M-$80M For Q4 (Est $77.172M)
Portfolio Pulse from Benzinga Newsdesk
Twist Bioscience anticipates Q3 total revenue to be $77M, surpassing the estimate of $73.799M, and projects Q4 revenue to be between $77M and $80M, potentially exceeding the forecast of $77.172M.

May 02, 2024 | 9:17 pm
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Twist Bioscience's Q3 revenue outperforms expectations at $77M against a $73.799M estimate, with Q4 revenue projected to be $77M-$80M, potentially exceeding the $77.172M forecast.
Twist Bioscience's reported and projected revenues exceeding estimates indicate strong financial performance and potential growth, likely leading to a positive short-term impact on its stock price. The surpassing of revenue estimates for Q3 and the optimistic projection for Q4 suggest operational efficiency and market demand for its offerings, which are key drivers for investor confidence and stock valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100