Standard BioTools shares are trading lower after the company reported worse-than-expected Q2 financial results and cut FY24 revenue guidance below estimates. The company announced CFO Jeffery Black will resign.
Portfolio Pulse from Benzinga Newsdesk
Standard BioTools shares are trading lower after the company reported worse-than-expected Q2 financial results and cut FY24 revenue guidance below estimates. Additionally, CFO Jeffery Black will resign.
August 01, 2024 | 12:28 pm
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NEGATIVE IMPACT
Standard BioTools reported worse-than-expected Q2 financial results and lowered FY24 revenue guidance, leading to a decline in share price. The resignation of CFO Jeffery Black adds to the negative sentiment.
The combination of disappointing Q2 results, reduced FY24 revenue guidance, and the resignation of the CFO is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100