Castle Biosciences Increases FY24 Revenue From $255M-$267M To $275M-$300M Vs $260.395M Est.
Portfolio Pulse from Benzinga Newsdesk
Castle Biosciences has increased its FY24 revenue guidance from $255M-$267M to $275M-$300M, surpassing the $260.395M estimate.
August 05, 2024 | 8:59 pm
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POSITIVE IMPACT
Castle Biosciences has raised its FY24 revenue guidance to $275M-$300M, exceeding the previous estimate of $260.395M. This positive revision suggests strong business performance and could boost investor confidence.
The increase in revenue guidance indicates better-than-expected business performance, which is likely to positively impact the stock price in the short term as it surpasses market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100