Azenta Inc (AZTA) said after close Monday that it earned $0.13 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $172.4 million, beating estimates by $8.6 million.
In the same quarter a year ago, the company earned $0.16 per share on revenue of $137.6 million.
The stock is up 15.46% to $55.20 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 53. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Azenta Inc, formerly Brooks Automation Inc is a provider of life science sample exploration and management solutions for the life sciences market. It offers a broad portfolio of products and services spanning across the life cycle of samples from procurement and sourcing, automated storage platforms, genomic services, and a broad range of consumables, informatics and data software, and sample management solutions.
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Azenta Inc Up 15.46% To $55.20 After Earnings Beat
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