Myriad(MYGN)
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Myriad(MYGN) - 2024 Q3 - Earnings Call Transcript
2024-11-09 21:50
Myriad Genetics, Inc. (NASDAQ:MYGN) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Matt Scalo - Senior Vice President of Investor Relations Paul Diaz - President and Chief Executive Officer Scott Leffler - Chief Financial Officer Sam Raha - Chief Operating Officer Mark Verratti - Chief Commercial Officer Conference Call Participants Douglas Schenkel - Wolfe Research Puneet Souda - Leerink Partners Prashant Kota - Goldman Sachs Subu Nambi - Guggenheim Partners Sung Ji Nam - ...
MYGN Beats on Q3 Earnings and Revenues, Raises '24 EPS View
ZACKS· 2024-11-08 14:31
Myriad Genetics, Inc. (MYGN) reported third-quarter 2024 adjusted earnings of 6 cents per share, which beat the Zacks Consensus Estimate of 2 cents. The company reported a loss of 3 cents per share in the year-ago quarter.Adjusted earnings exclude amortization expenses from acquired intangible assets, equity compensations and real estate optimization.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Following the earnings announcement, MYGN’s share price remained unchanged at $17.64 in ...
Myriad(MYGN) - 2024 Q3 - Quarterly Report
2024-11-08 13:18
UNITED STATES _________________________________________ _________________________________________ _________________________________________ _________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value MYGN Nasdaq Global Select Market SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
Compared to Estimates, Myriad (MYGN) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-08 00:30
Myriad Genetics (MYGN) reported $213.3 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $0.06 for the same period compares to -$0.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $209.82 million, representing a surprise of +1.66%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.02.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...
Myriad Genetics (MYGN) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-11-08 00:00
Myriad Genetics (MYGN) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this molecular diagnostic company would post a loss of $0.01 per share when it actually produced earnings of $0.05, delivering a surprise of 600%.Over the last four quarters, t ...
Myriad(MYGN) - 2024 Q3 - Quarterly Results
2024-11-07 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 0-26642 87-0494517 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.) Title of each classTrading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value MYGN Nasdaq Global Select Market FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 9, 2024 MYRIA ...
Myriad Genetics Reports Third Quarter 2024 Financial Results; Updates 2024 Financial Guidance
GlobeNewswire News Room· 2024-11-07 21:05
Highlights Third quarter revenue grew 11% year-over-year to $213 million, driven by Pharmacogenomics (34%) and Prenatal (10%) and progress on payor coverage and revenue cycle initiatives.Third quarter GAAP net loss improved to $22.1 million from a loss of $61.3 million in the third quarter of 2023 on improved revenue, gross margins and disciplined management of operating expenses. Third quarter adjusted EBITDA increased to $14.1 million from $1.4 million in third quarter of 2023.Third quarter GAAP loss per ...
MYGN INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Myriad Genetics, Inc. and Encourages Investors to Contact the Firm
Prnewswire· 2024-11-06 09:00
NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Myriad Genetics, Inc. ("Myriad" or "the Company") (NASDAQ: MYGN). Investors who purchased Myriad securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MYGN.Investigation DetailsOn October 31, 2024, it was revealed that UnitedHealth Group ("UnitedHealth") would no longer cover Ge ...
Myriad Genetics Comments on UnitedHealthcare's Updated Medical Policy for Pharmacogenetic Testing
GlobeNewswire News Room· 2024-11-04 13:39
SALT LAKE CITY, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, was informed on Friday, November 1, 2024, of an updated medical policy from UnitedHealthcare restricting access to multi-gene panel pharmacogenetic tests, including Myriad’s GeneSight test, under its commercial and individual exchange benefit plans, effective January 1st, 2025. After initial review of the updated policy, the company strongly disagrees with UnitedHealth ...
Myriad Genetics to Release Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-30 12:00
SALT LAKE CITY, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in genetic testing and precision medicine, will hold its third quarter earnings conference call on Thursday, November 7, 2024 at 4:30 pm ET. The company's quarterly earnings will be released the same day after the market closes. During the call, Myriad management will provide a financial overview and business update of the company's performance for the third quarter 2024. A live webcast of the earnings conferenc ...