Cytek Biosciences, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cytek Biosciences, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cytek Biosciences, Inc. CTKB.OQ reported a quarterly adjusted loss of 8 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of four analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share.
Revenue rose 5.6% to $48.14 million from a year ago; analysts expected $48.61 million.
Cytek Biosciences, Inc.'s reported EPS for the quarter was a loss of 9 cents.
The company reported a quarterly loss of $12.16 million.
Cytek Biosciences, Inc. shares had fallen by 3.4% this quarter and lost 15.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 21.4% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"
Wall Street's median 12-month price target for Cytek Biosciences, Inc. is $5.25, about 18.5% above its last closing price of $4.28
This summary was machine generated from LSEG data August 5 at 10:44 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.08 | -0.08 | Met |
Mar. 31 2026 | -0.10 | -0.15 | Missed |
Dec. 31 2025 | -0.02 | -0.04 | Missed |
Sep. 30 2025 | -0.05 | -0.04 | Beat |
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Cytek Biosciences, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cytek Biosciences Q2 revenue slightly misses estimates
Brief: Cytek Biosciences Q2 Revenue USD 48.14 Million