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Myriad Genetics Slashes FY22 Outlook As Q3 Results Miss Estimates; Stock Down 8%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

While reporting financial results for the third quarter on Tuesday, genetic testing firm Myriad Genetics, Inc. (MYGN) slashed its earnings and adjusted earnings and revenue guidance for the full year 2022 to reflect third quarter business updates.

For fiscal 2022, the company now projects a loss in a range of $1.35 to $1.30 per share and adjusted loss in a range of $0.35 to $0.30 per share on revenues between $668 million and $672 million.

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