Adaptive Biotechnologies (ADPT) Tops Q2 EPS by 2c, updates guidance

Adaptive Biotechnologies (NASDAQ: ADPT) reported Q2 EPS of ($0.31), $0.02 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $43.19 million versus the consensus estimate of $38.63 million.

2024 Updated Financial Guidance

Adaptive Biotechnologies expects full year revenue for the MRD business to be between $140 million and $145 million, updated from the previous range between $135 million and $140 million. No revenue guidance is provided for the Immune Medicine business.

We expect full year total company operating expenses, including cost of revenue and excluding one-time costs from asset impairments and other restructuring charges, to be between $340 million and $350 million, updated from the previous range between $350 million and $360 million.

Management will provide further details on the outlook during the conference call.

For earnings history and earnings-related data on Adaptive Biotechnologies (ADPT) click here.

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