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Exact Sciences Stock Plunges On Q1 Earnings: What You Need To Know
Exact Sciences Corp (NASDAQ:EXAS) shares are trading lower in Wednesday’s after-hours session on the heels of the company’s first-quarter results. Here’s a rundown of the report.
What Happened: Exact Sciences said first-quarter revenue increased 6% year-over-year to $638 million, which beat the consensus estimate of $627.355 million, according to Benzinga Pro. The company reported a quarterly loss of 60 cents per share, which missed analyst estimates for a loss of 48 cents per share.
Screening revenue ...