Why Guardant Health Stock Is Sinking Today
Shares of Guardant Health (NASDAQ: GH) were sinking 7.2% as of 11:08 a.m. EST on Thursday. The decline came after the company reported its fourth-quarter results following the market close on Wednesday.
Guardant Health announced Q4 revenue of $78.3 million, up 25% year over year and higher than the average analyst estimate of $76.7 million. However, the company's Q4 net loss of $93.7 million, or $0.94 per share, reflected deterioration from the prior-year period and was worse than the Wall Street consensus net loss of $0.57 per share.
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Source Fool.com
