Adaptive Biotechnologies (ADPT) Tops Q2 EPS by 2c

Adaptive Biotechnologies (NASDAQ: ADPT) reported Q2 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $21 million versus the consensus estimate of $18.8 million.

“The current coronavirus pandemic is highlighting the critical importance of a deeper understanding of the immune response to disease broadly, making Adaptive’s technology more relevant than ever,” said Chad Robins, chief executive officer and co-founder of Adaptive Biotechnologies. “In the past several months, we have demonstrated that we can read and translate the genetics of immune receptors in blood, including T-cell response at scale, which is enabling us to rapidly deliver novel, immune-driven products.”

GUIDANCE:

Adaptive Biotechnologies is not providing 2020 financial guidance due to the continued uncertainties from the impact of COVID-19.

For earnings history and earnings-related data on Adaptive Biotechnologies (ADPT) click here.

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