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Stock impact report

Strength Seen in Akoya (AKYA): Can Its 7.4% Jump Turn into More Strength? [Yahoo! Finance]

Akoya BioSciences, Inc. (AKYA) 
Company Research Source: Yahoo! Finance
This compares to the stock's 6.7% gain over the past four weeks. The sudden rise in the stock price can be attributed to the positive investor expectations regarding the company's financial performance in the fourth quarter of 2023. Akoya generates revenues from the sale of its products and services. Product revenues include the sale of instruments, reagents and software. Per its preliminary fourth-quarter 2023 earnings press release, the company expects total revenues in the range of $25.5-26.5 million, marking a 20-25% increase compared to the $21.2 million recorded in the year-ago quarter. This tissue analysis provider is expected to post quarterly loss of $0.27 per share in its upcoming report, which represents a year-over-year change of +46%. Revenues are expected to be $26.12 million, up 23.1% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation Show less Read more
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