Why Guardant Health Shares Jumped 12% Today
Shares of Guardant Health (NASDAQ: GH) jumped 12% on Friday following the company's announcement of its third-quarter results after the market closed on Thursday. Guardant Health reported that its revenue skyrocketed 181% year over year in Q3 to $60.8 million. The company posted a net loss of $12.8 million, or $0.14 per share, a significant improvement from the prior-year period and much better than Wall Street estimates.
In addition to its stellar Q3 results, Guardant boosted its full-year 2019 guidance. The company now projects revenue between $202 million and $207 million, up from its previous guidance of full-year revenue between $180 million and $190 million. This midpoint of Guardant Health's revised range reflects year-over-year growth of nearly 126%.
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Source Fool.com
