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0.00287273771904625 -0.0025854639471415 -0.000287273771904594 -0.00718184429761564 -0.00200804366561334 0.00517092789428332 0.0155127836828498 0.0173800632002298
Stock impact report

Ginkgo (DNA) to Report Q2 Earnings: What's in the Cards? [Yahoo! Finance]

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: Yahoo! Finance
Ginkgo's earnings met expectations in each of the trailing four quarters. Let's see how things have shaped up for the quarter to be reported. Ginkgo's revenues comprise sales from its two business segments — Biosecurity and Cell Engineering. Total revenues are likely to have declined in the to-be-reported quarter, owing to the expected ramp-down of the company's K-12 COVID testing services. In the last reported quarter, Cell Engineering services revenues decreased owing to a decline in revenues from early-stage customers. It remains to be seen whether the same trend continued in the second quarter. Shares of Ginkgo have plunged 80.1% so far this year compared with the industry's decline of 1.9%. Image Source: Zacks Investment Research Biosecurity business revenues have been declining since the K-12 COVID testing business ended. This segment has been witnessing a transition toward emerging product lines that are more recurring. The company continues to build both domesti Show less Read more
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