Veracyte Raises FY24 Revenue From $394M-$402M To $402M-$410M Vs $397.942M Est.
Portfolio Pulse from Benzinga Newsdesk
Veracyte has increased its revenue forecast for FY24 from the range of $394M-$402M to $402M-$410M, surpassing the estimated $397.942M.

May 07, 2024 | 9:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Veracyte has raised its FY24 revenue forecast, now expecting $402M-$410M, which is above the analyst estimate of $397.942M.
Raising the revenue forecast above analyst expectations generally leads to positive investor sentiment and can drive the stock price up in the short term. Given that Veracyte has surpassed the estimated revenue figures, this indicates strong performance and potential growth, likely resulting in increased investor confidence and a positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100