10x Genomics Third Quarter 2024 Earnings: EPS Beats Expectations

10x Genomics (NASDAQ:TXG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$151.7m (down 1.3% from 3Q 2023).
• Net loss: US$35.8m (loss narrowed by 62% from 3Q 2023).
• US$0.30 loss per share (improved from US$0.79 loss in 3Q 2023).

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

10x Genomics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 5.8% 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 up 9.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for 10x Genomics that we have uncovered.

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