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Why Shares of Exact Sciences Rose on Wednesday

TheMotleyFool

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Why Shares of Exact Sciences Rose on Wednesday: https://g.foolcdn.com/editorial/images/731958/novartisandmeridian.jpg

Shares of Exact Sciences Corporation (NASDAQ: EXAS) were up 11.5% on Wednesday afternoon, a day after the biotech company announced first-quarter earnings. The company, which specializes in cancer diagnostics, has seen its shares rise about 60% so far this year.

Analysts upgraded their targets for the healthcare stock on Wednesday after it turned in a strong first-quarter report.

Exact Sciences also raised full-year revenue guidance to be between $2.38 billion and $2.42 billion, up from previous estimates of between $2.265 billion and $2.315 billion.

Source Fool.com

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