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BUZZ-Myriad Genetics falls after preliminary Q4 revenue misses estimates

ReutersJan 15, 2025 3:00 PM

Shares of medical test kit maker Myriad Genetics MYGN.O fall ~3% to $13.27

MYGN says it expects Q4 rev. to be between $209 mln and $211 mln, below analyst estimates of $212.9 mln - data compiled by LSEG

Co expects Q4 adj. EPS to be between 3 cents and 4 cents vs. analyst est. of 3 cents

Co forecasts 2025 rev. to be between $840 mln and $860 mln below analyst est. of $876.7 mln

Co forecasts 2025 adj. EPS to be between 7 cents and 11 cents vs. analyst est. of 8 cents

6 of 16 brokerages rate the stock "buy" or higher, 6 "hold" and 4 "sell" or lower; their median PT is $20.50 - LSEG

MYGN fell 27.5% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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