OraSure Sees Q3 2024 Revenue $37M-$41M Vs $52.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
OraSure Technologies has provided financial guidance for Q3 2024, projecting revenues between $37 million and $41 million, significantly below the $52.13 million estimate. The guidance includes Core revenues of $36 to $39 million and InteliSwab® revenues of $1 to $2 million.
August 06, 2024 | 9:24 pm
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NEGATIVE IMPACT
OraSure Technologies has issued a revenue guidance for Q3 2024 that falls significantly below market expectations, projecting $37M-$41M compared to the $52.13M estimate.
The revenue guidance provided by OraSure Technologies is significantly lower than the market estimate, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100