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Financial Results: Page 2
Hologic fiscal Q1 diagnostics revenues drop 27% on lower demand for COVID testing
Stephen MacMillan, Hologic chairman, president, and CEO, said he believes that the firm is well positioned for long-term growth while COVID testing declines.
February 2, 2023
Roche reports flat diagnostics revenue growth for 2022
For COVID-19 tests, Roche booked 2022 revenues of 4.1 billion Swiss francs, down 13% compared to 4.7 billion Swiss francs in 2021. Revenue growth for its base diagnostics business offset the decline.
February 2, 2023
Abbott CEO expects high single-digit sales growth excluding COVID-19 revenues in 2023
The firm booked diagnostics segment revenues of $3.31 billion in the fourth quarter, down 26.1% year over year. Nonetheless, its CEO sees some easing of macroenvironment challenges that impacted growth in 2022.
January 25, 2023
After Illumina presentation highlighting Grail potential comes a possible EU fine
At the J.P. Morgan healthcare event this week, Illumina's CEO said Grail must be operated separately and independently pursuant to measures required by the EU.
January 12, 2023
Exact Sciences preliminary Q4 revenues rise 16% on strong screening sales
The firm expects screening revenue of $401.8 million to $402.8 million, an increase of 45% year-over-year. The screening business includes laboratory service revenue from Cologuard tests.
January 9, 2023
QuidelOrtho expects Q4 revenues between $853 million and $868 million
Its CEO said QuidelOrtho's strong positioning in the point-of-care market enabled it to serve patients in a strong respiratory season, which drove substantial revenue growth.
January 6, 2023
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Hologic Q1 preliminary revenues drop 27% on COVID decline, beat guidance and analyst estimates
The preliminary revenues are higher than the firm’s recent guidance of $940 million to $990 million and exceed analysts’ average estimate of $966.4 million.
January 9, 2023
Molecular diagnostic firm Biocept to reduce staff by about 35% in restructuring
The San Diego-based company is implementing a restructuring plan that includes reducing staff in connection with the evaluation of strategic alternatives.
January 6, 2023
Meridian Bioscience Q4 revenues drop 14% on lower COVID-19 testing, misses analysts' estimates
Diagnostics segment revenue growth was driven by nonmolecular assay products, which increased 22%.
November 22, 2022
Agilent Technologies Q4 revenues rise 11%
The Diagnostics and Genomics Group generated fourth-quarter revenue of $352 million, up 3% year-over-year.
November 21, 2022
Twist Bioscience Q4 revenues rise 51%
Among its recent business highlights, the firm noted that it collaborated with PacBio to develop an initial portfolio of off-the-shelf long-read gene panels, including a 50-gene pharmacogenomics panel.
November 18, 2022
Siemens Healthineers Q4 Dx revenues rise 13% on increased sales of COVID-19 rapid antigen tests
In the recently completed quarter, Siemens Healthineers booked €232 million from COVID-19 rapid antigen tests compared to around €160 million in Q4 2021.
November 9, 2022
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