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0.000649230198478883 -0.00222593210907076 -0.00389538119087369 -0.00241142645149328 0.0149193099610461 0.019662400296791 0.0252272305694676 0.0305138193285104
Stock impact report

Cologuard Maker Exact Sciences Slashes Outlook as Losses Mount [Yahoo! Finance]

Exact Sciences Corporation (EXAS) 
Last exact sciences corporation earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
CEO Kevin Conroy said the firm's quarterly execution and forecast don't reflect its full potential. Exact Sciences ( EXAS ) shares plunged Wednesday after the maker of the Cologuard colon cancer screening test reported widening losses and cut its outlook. The company reported a third-quarter net loss of $38.2 million or 21 cents per share, widening from a net loss of $15.8 million or 9 cents per share in the previous quarter. Analysts surveyed by Visible Alpha were looking for a loss of $33.9 million or 18 cents per share. Revenue was up 12.8% from a year ago to $708.7 million, but that was also below analysts' forecasts. The revenue gains came as screening revenue rose 15.4% to $544.9 million, and Precision Oncology revenue grew 5.4% to $163.8 million. CEO Kevin Conroy said that while Exact Sciences has made progress, “our execution during the third quarter and updated outlook for the full year don't reflect our full potential.” The company said it now anticipates full-yea Show less Read more
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