Quanterix rises as Q4 results beat expectations

Quanterix

06/03/2023 16:33

** Shares of diagnostic co Quanterix Corp  QTRX.O  rise 6.9%
to $12.95
    ** Co posts Q4 adj. loss of 50 cents per share vs Refinitiv
IBES est. for a loss of 47 cents per share
    ** Reports a 3.5% rise in revenue to $35.25 bln from a year
earlier, also beating analysts' expectation of $25.78 mln
    ** All 4 brokerages covering the stock rate it "hold";
median PT $14 - Refinitiv data 
    ** In 2022, QTRX fell 67.3% in value

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))