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Stock impact report

Lower Instruments Sales to Hurt TXG Q3 Earnings, Prelim Sales Down [Yahoo! Finance]

10x Genomics, Inc. (TXG) 
Last 10x genomics, inc. earnings: 2/18 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In the last reported quarter, the company's adjusted loss per share of 32 cents beat the Zacks Consensus Estimate by 31.9%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Let's take a look at how things might have shaped up for GEHC prior to the announcement. 10x Genomics' top line is primarily driven by its two leading platforms — Visium and Zenium — in spatial biology and Chromium in single cell biology. The company's second-quarter results reflected strong contributions from Consumables while Instruments sales remained under pressure. The trend is likely to have continued in the soon-to-be-reported quarter. The spatial biology consumable sales are likely to have grown on the back of strong contributions from Visium HD (launched during the first quarter) as well as additional contributions from Xenium Prime 5K (launched during the second quarter). This growth is expected to have been further boosted by recovering Chromium consumables sales as cust Show less Read more
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