Azenta Inc tumbles on weak Q3 prelim results

Azenta

13/07/2022 21:52

** Shares of Azenta Inc  AZTA.O  down ~12% at $65 after the
bell
    ** AZTA reports Q3 preliminary results
    ** Expects Q3 revenue of about $133 mln, compared to
analysts' estimates of $143.5 mln, as per Refinitiv IBES data
 urn:newsml:reuters.com:*:nASA03GJN
    ** AZTA sees Q3 adj EPS between 8 to 12 cents vs estimates
of 11 cents  urn:newsml:reuters.com:*:nPn69clkka
    ** "Revenue in the third quarter reflects currency headwinds
and softness in the highly transactional businesses of Genomics
Services and C&I" - CEO Steve Schwartz
    ** Up to Wednesday's close, stock had fallen ~28% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))