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Why Repligen Stock Soared This Week

TheMotleyFool

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Shares of Repligen (NASDAQ: RGEN) were up by 14.8% this week as of the market close on Thursday. Those gains came after the company reported its second-quarter results on Tuesday and increased its full-year revenue and earnings guidance.

Repligen announced Q2 revenue of $163 million, up 86% year over year, and well above the consensus Wall Street estimate of $144.1 million. Its base business generated 66% of total revenue, and those sales increased by 35%. The company said that COVID-related sales made up 27% of total revenue, while acquisitions completed in 2020 accounted for 7%.

Image source: Getty Images.

Source Fool.com

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