Pacific Biosciences of California Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pacific Biosciences of California (NASDAQ:PACB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.0m (down 28% from 3Q 2023).
• Net loss: US$60.7m (loss narrowed by 9.2% from 3Q 2023).
• US$0.22 loss per share (improved from US$0.26 loss in 3Q 2023).

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

Pacific Biosciences of California EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 7.0%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Pacific Biosciences of California (1 is potentially serious!) that you need to take into consideration.

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