Twist Bioscience Corp Q1 Loss decreases, beats estimates

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.

Full year revenue guidance: $261 Mln to $269 Mln

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