earnings
confidence high
sentiment negative
materiality 0.75
Myriad Genetics Q2 revenue $179.3M (+7% ex-divestitures); GAAP EPS -$0.18; cuts FY EPS guidance
MYRIAD GENETICS INC
2022-Q2 EPS reported
-$0.43
revenue$344,200,000
- GAAP diluted EPS of $(0.18); adjusted EPS $0.04, down from $0.12 YoY.
- GeneSight volumes up 39% YoY; hereditary cancer volumes down 4% YoY but stabilizing.
- FY2022 revenue guidance unchanged at $670-$700M; adjusted EPS cut to $(0.10)-$0.00 from $0.00-$0.20.
- Cash $283.6M; paid $48M qui tam settlement in Q2; no debt.
- Launched Precise Oncology Solutions; liquid biopsy test via Illumina/Intermountain expected in 2023.