Azenta Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Azenta (NASDAQ:AZTA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$172.8m (up 4.1% from 3Q 2023).
• Net loss: US$6.58m (loss widened by 167% from 3Q 2023).
• US$0.12 loss per share (further deteriorated from US$0.039 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Azenta Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Azenta that you should be aware of.

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