Repligen Q3 Earnings Beat Expectations, Highlights Improving Market Conditions, Analyst Says Well-Positioned For Long-Term Growth
Strong EPS growth and increased guidance typically drive stock prices up.
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Strong EPS growth and increased guidance typically drive stock prices up.
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RGEN reported Q3 adjusted EPS of 43 cents, exceeding consensus. Sales reached $154.87 million, up 10% year-over-year, outperforming expectations. Raised 2024 EPS guidance to $1.50-$1.58, above consensus estimate. Strong growth in CDMO and equipment sales indicates market recovery. Analyst maintains Outperform rating, citing long-term growth potential.
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