Twist Bioscience: Fiscal Q2 Earnings Snapshot
By AP News
Published - May 05, 2023, 07:39 AM ET
Last Updated - Jun 21, 2023, 10:25 PM EDT
SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Twist Bioscience Corp. (TWST) on Friday reported a loss of $59.2 million in its fiscal second quarter.
The South San Francisco, California-based company said it had a loss of $1.04 per share. Losses, adjusted for non-recurring gains, came to $1.06 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.09 per share.
The maker of synthetic DNA for the biotechnology industry posted revenue of $60.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $56.6 million.
