Veracyte: Q2 Earnings Insights

Veracyte VCYT reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Veracyte beat estimated earnings by 40.91%, reporting an EPS of $-0.13 versus an estimate of $-0.22.

Revenue was up $17.76 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 4.61% increase in the share price the next day.

Here's a look at Veracyte's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.24 -0.16 -0.16 -0.25
EPS Actual -0.20 -0.15 -0.20 -0.13
Revenue Estimate 62.32M 61.78M 54.38M 48.06M
Revenue Actual 67.78M 67.34M 60.37M 55.10M

To track all earnings releases for Veracyte visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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