Shares of AVITA Medical, Inc. (RCEL) are rising nearly 13% Friday morning after the company reported more than 50% growth in revenue in the third quarter.
Revenue for the quarter increased 51% year on year to $13.6 million. Analysts on average, polled by Thomson-Reuters were expecting revenue of $13.37 million.
RCEL, currently at $11.25, has traded in the range of $6.11 - $21.70 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.