Why Invitae Stock Is Climbing Today

Shares of Invitae (NYSE: NVTA) were up 9.4% as of 12:50 p.m. EDT Wednesday after the company delivered an upbeat earnings report and raised its guidance.

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The genetic testing company posted 152% year-over-year revenue growth in the second quarter and offered full-year guidance for revenues between $475 million and $500 million. Analysts had been projecting Invitae's 2021 top line would land at about $463 million. The results were a welcome change from the previous several quarters, which featured pedestrian growth due to the impact of COVID-19.

Source Fool.com