PACB Stock Falls Despite Q3 Earnings Beat, Revenues Decline Y/Y [Yahoo! Finance]
Pacific Biosciences of California, Inc. (PACB)
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm
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US:NASDAQ Investor Relations:
investor.pacificbiosciences.com
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Source: Yahoo! Finance
The adjusted loss per share beat the Zacks Consensus Estimate by 15%. The company's GAAP loss per share was 22 cents in the quarter, narrower than the year-ago period's loss of 26 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. PacBio registered revenues of $40 million, down 28.2% year over year. The figure missed the Zacks Consensus Estimate by 4.6%. PacBio's revenues from the Americas totaled $20.1 million, down 31% year over year. This was primarily due to a decline in Revio shipments. In the Asia-Pacific region, PacBio recorded revenues of 10.8 million, reflecting a decline of 32% year over year. Europe, the Middle East and Africa (EMEA) region registered revenues of $9.1 million, which decreased 17% year over year. Product revenues amounted to $35.3 million, up 11.2% from the year-ago level. PacBio shipped 22 Revio sequencing systems in the third quarter, which brought the company's installed base to 247 Revio systems as of Sept. 3
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PACB
News
- Pacific Biosciences of California, Inc. (NASDAQ: PACB) had its price target lowered by analysts at Scotiabank from $7.00 to $6.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Pacific Biosciences of California, Inc. (NASDAQ: PACB) was downgraded by analysts at UBS Group AG from a "buy" rating to a "neutral" rating.MarketBeat
- Pacific Biosciences of California, Inc. (NASDAQ: PACB) had its price target raised by analysts at Piper Sandler from $2.00 to $2.50. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Update: Pacific Biosciences of California, Inc. (NASDAQ:PACB) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]Yahoo! Finance
- PacBio to Present at Upcoming Investor ConferencesGlobeNewswire
PACB
Earnings
- 11/7/24 - Beat
PACB
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- PACB's page on the SEC website