ADVERTISEMENT

Myriad: Q2 Earnings Snapshot

August 4, 2022 GMT

SALT LAKE CITY (AP) _ Myriad Genetics Inc. (MYGN) on Thursday reported a loss of $14.1 million in its second quarter.

On a per-share basis, the Salt Lake City-based company said it had a loss of 18 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The molecular diagnostic company posted revenue of $179.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $168.1 million.

Myriad expects full-year results to range from a loss of 10 cents per share to a loss of $1 per share, with revenue in the range of $670 million to $700 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYGN at https://www.zacks.com/ap/MYGN