logo
Plus   Neg
Share
Email

Exact Sciences Sees Q4 Revenue Above View

Exact Sciences Corp. (EXAS) said that it expects revenue to be between $464.5 million and $467.5 million for the fourth quarter ended December 31, 2020. Analysts polled by Thomson Reuters expect the company to report revenues of $431.18 million for the fourth-quarter. Analysts' estimates typically exclude special items.

The company expects fourth-quarter Screening revenue to be in the range of $249 million - $250 million, an increase of 9 percent from last year. It projects COVID-19 testing revenue between $98.5 million and $99.5 million for the fourth-quarter.

For the twelve-month period ended December 31, 2020, the company projects total revenue to be between $1.490 billion and $1.493 billion, COVID-19 testing revenue of $235 million - $236 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
Follow RTT