Veracyte Announces Third Quarter 2018 Financial Results

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Go back to Veracyte Announces Third Quarter 2018 Financial Results

Veracyte (VCYT) Tops Q3 EPS by 13c, Revenues Beat; Boosts FY18 Revenue Outlook

October 29, 2018 4:30 PM EDT

Veracyte (NASDAQ: VCYT) reported Q3 EPS of ($0.12), $0.13 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $23.5 million versus the consensus estimate of $21.5 million.

Revenue was $23.5 million, an increase of 34 percent;Genomic test volume was 8,006, an increase of 23 percent;Gross margin was 65 percent, an increase of 6 percent;Operating expenses,... More