Stock Track | Twist Bioscience Soars 6.99% in Pre-market on Robust Q4 Earnings Beat and Revenue Growth

Stock Track

2024/11/18

Twist Bioscience Corp (NASDAQ: TWST) stock surged 6.99% in the pre-market trading session on Monday, after the synthetic biology and genomics company reported better-than-expected financial results for the fiscal fourth quarter and full year 2024.

For the fiscal fourth quarter, Twist Bioscience reported a narrower loss of $0.59 per share, beating analyst estimates of a $0.70 loss per share. The company's revenue for the quarter grew 26.53% year-over-year to $84.71 million, surpassing the consensus estimate of $82.20 million.

The strong financial performance was driven by robust demand for Twist's synthetic DNA-based products and services across various industries, including healthcare, industrial chemicals, agriculture, and academic research. The company's proprietary DNA synthesis platform continues to gain traction, positioning Twist Bioscience as a leader in the rapidly growing synthetic biology market.

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The company's proprietary DNA synthesis platform continues to gain traction, positioning Twist Bioscience as a leader in the rapidly growing synthetic biology market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWST","symbol_name":"Twist Bioscience Corp","start_time":0,"source_url":"","article_id":"1129007581","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129007581","pubTimestamp":1731932538,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Twist Bioscience Corp  stock surged 6.99% in the pre-market trading session on Monday, after the synthetic biology and genomics company reported better-than-expected financial results for the fiscal fourth quarter and full year 2024.For the fiscal fourth quarter, Twist Bioscience reported a narrower loss of $0.59 per share, beating analyst estimates of a $0.70 loss per share. 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