Medical Diagnostics Stock Up Sharply On Explosive Revenue Growth
Daily Stock Market Summary: Markets are starting off this week’s trading on the heels of last week’s refreshing bullish run. Acute fears over inflation and trade conflict with China appear to be easing, driving the
An incredibly positive earnings season has provided the market with sufficient momentum to punch through geopolitical headwinds. It also creates ample profit opportunities for news-based traders—like today’s Top Performer. If you’d like to learn more about trading earnings news, we’ve assembled a free guide that covers the fundamentals; you can access it using the button below:
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Today’s Top Performer: Precipio (NASDAQ
Precipio is a medical diagnostics firm, centering on a platform designed to use data to help prevent misdiagnosis in medicine, potentially improving both patient outcomes and controlling costs.
Today, they announced preliminary financial results for Q1, 2018. Revenues are up a projected 286% year over year. That strong earnings growth actually represents a slight slowdown from the previous quarter, which executives report included the clearing of an order backlog.
The news is a driving a buying spree for investors, who pushed the stock up as much as 70%, just over 30% at the time of this writing. The stock still sits 50% below a recent high from
Pharma and medical device stocks continue to be one of the most consistent sources of profit for NewsQuantified users. Keep checking the NQ blog as we take a look at a powerful sample of the 1000’s of profitable opportunities available to our users each week.