Repligen Beats on Q3 Earnings & Sales, Narrows '24 Sales View
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Repligen (RGEN) reported better-than-expected third-quarter earnings and sales. However, the company has narrowed its 2024 sales guidance while raising its EPS forecast.
November 12, 2024 | 8:00 pm
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Repligen reported strong Q3 earnings and sales, surpassing expectations. The company adjusted its 2024 guidance, lowering sales expectations but raising EPS forecasts.
The positive earnings surprise is likely to boost investor confidence in the short term. Although the sales guidance for 2024 is lowered, the raised EPS forecast suggests improved profitability, which is generally favorable for stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100