Repligen Q3 Results Top Estimates; Boosts FY23 Earnings Outlook

RTTNews | 574 dias atrás
Repligen Q3 Results Top Estimates; Boosts FY23 Earnings Outlook

(RTTNews) - Life sciences company Repligen Corp. (RGEN) announced Tuesday third-quarter net income of $18.17 million or $0.32 per share, sharply down from $40.41 million or $0.71 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.23 per share, compared to $0.77 per share in the year-ago quarter.

Total revenues for the quarter decreased 30 percent to $141.19 billion from $200.74 billion in the same quarter last year.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share on revenues of $140.64 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects earnings in a range of $1.26 to $1.32 per share and adjusted earnings in a range of $1.70 to $1.76 per share on revenues between $635 million and $645 million.

Previously, the company expected earnings in the range of $1.00 to $1.08 per share and adjusted earnings in the range of $1.72 to $1.80 per share on revenues between $635 million and $645 million.

The Street is looking for earnings of $1.74 per share on revenues of $645.78 million for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : RGEN
read more
NZ Dollar Rises After RBNZ Rate Decision

NZ Dollar Rises After RBNZ Rate Decision

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected.
RTTNews | 10 minutos atrás
European Economic News Preview: Germany Unemployment Data Due

European Economic News Preview: Germany Unemployment Data Due

Unemployment from Germany and revised GDP and consumer spending from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for April. Import prices are forecast to fall 1.4 percent month-on-month, faster than the 1.0 percent decrease in March.
RTTNews | 55 minutos atrás
European Shares Seen Flat To Lower At Open

European Shares Seen Flat To Lower At Open

European stocks are seen opening flat to slightly lower on Wednesday, with Nvidia earnings and minutes from May's FOMC meeting likely to be in focus.
RTTNews | 1h 6min atrás
New Zealand Cuts Interest Rate By 25 Bps As Expected

New Zealand Cuts Interest Rate By 25 Bps As Expected

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews | 1h 28min atrás
NZ Dollar Recovers Against Majors

NZ Dollar Recovers Against Majors

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
RTTNews | 1h 58min atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying just above 8,400 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
RTTNews | 3h 14min atrás
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious amid the lack of concrete progress toward a broader trade agreement between the US and its trading partners, despite reaching temporary deals with some. The ongoing uncertainty surrounding the US-China trade relations continued to weigh on market sentiment.
RTTNews | 3h 26min atrás