BUZZ-Ginkgo Bioworks falls on downbeat 2025 forecast

Reuters
27 Feb
BUZZ-Ginkgo Bioworks falls on downbeat 2025 forecast

** Shares of biotech co Ginkgo Bioworks DNA.N fall 4% to $9.9

** Co late on Tuesday forecast 2025 revenue to be $160 mln to $180 mln, lower than analyst estimates of $189 mln as per data compiled by LSEG

** DNA reported Q4 net loss of $107.5 mln, vs analyst estimates of $80.1 mln

** Co reported Q4 revenue of $44 mln, vs analyst estimates of $44.5 mln

** Stock has fallen 82.4% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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