Fulgent Genetics Expect 2024 Core Revenue Of Approximately $280M, With Non-GAAP Loss Improvement From Approximately ($1.05) Per Share To Approximately ($0.30) Per Share, Compared To Consensus Of $280.18M And $(0.92)/Share
Portfolio Pulse from Benzinga Newsdesk
Fulgent Genetics expects its 2024 core revenue to be approximately $280 million, with a non-GAAP loss improvement from approximately ($1.05) per share to approximately ($0.30) per share. This is in line with the consensus revenue estimate of $280.18 million but better than the consensus loss estimate of $(0.92) per share.
August 02, 2024 | 11:08 am
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Fulgent Genetics expects 2024 core revenue of $280M and a non-GAAP loss improvement to ($0.30) per share, better than the consensus loss estimate of $(0.92) per share.
The company's revenue projection is in line with expectations, but the significant improvement in the non-GAAP loss per share compared to the consensus estimate is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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