On August 3, Twist Bioscience Corp declined 6.22% in pre-market trading, trading at approximately $87.26/share, with turnover of $55,200. The decline was triggered by the company's fiscal third-quarter earnings report showing a wider-than-expected net loss.
Twist Bioscience posted a fiscal Q3 net loss of $0.56 per diluted share, swinging sharply from earnings of $0.33 a year earlier and missing the analyst consensus estimate of a $0.51 loss. Revenue for the quarter ended June 30 came in at $118.4 million, up 23.2% year-over-year and above the $114.5 million analyst estimate. The company raised its full-year fiscal 2026 revenue outlook to $456 million to $457 million from a prior range of $442 million to $447 million, exceeding the Street estimate of $446.4 million. Fiscal Q4 revenue guidance of $123 million to $124 million also topped the $117.4 million consensus.
Despite the revenue beat and raised guidance, investors appear focused on the magnitude of the earnings miss and the swing from profitability to a loss, pressuring shares in early trading.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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