Stock Track | Azenta Plunges 11.62% in Pre-Market on Disappointing Q2 Results and Guidance Cut
Stock Track
May 06
Azenta's stock experienced a sharp pre-market decline of 11.62% on Wednesday.
The plunge follows the company's release of its fiscal second-quarter results, which fell short of analyst expectations. Azenta reported earnings of $0.08 per share, missing estimates, and sales of $145 million. The company's net loss widened significantly to $160.8 million, partly due to a substantial non-cash goodwill impairment charge. Management also revised its full-year revenue guidance downward, citing execution gaps and a more cautious demand environment.
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