Twist Bioscience Corp (TWST) reported Loss for first quarter that decreased from the same period last year and beat the Street estimates.
The company's bottom line totaled -$41.814 million, or -$0.74 per share. This compares with -$45.563 million, or -$0.91 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 29.1% to $54.243 million from $42.018 million last year.
Twist Bioscience Corp earnings at a glance (GAAP) :
-Earnings (Q1): -$41.814 Mln. vs. -$45.563 Mln. last year.
-EPS (Q1): -$0.74 vs. -$0.91 last year.
-Analyst Estimates: -$1.13
-Revenue (Q1): $54.243 Mln vs. $42.018 Mln last year.
-Guidance:
Full year revenue guidance: $261 Mln to $269 Mln
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