Genomic Health Starts Its Marathon [The Motley Fool]
GENOMIC HEALTH (GHDX)
Last genomic health earnings: 7/29 07:01 am
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US:NASDAQ Investor Relations:
investor.genomichealth.com
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Source: The Motley Fool
The CEO sees steady growth as the company increases volume of its cancer tests and improves reimbursement from payers. Genomic Health ( NASDAQ:GHDX ) posted solid revenue growth in the second quarter thanks to increased use of its cancer tests as well as an improving average selling price as more insurance companies and government health plans are willing to pay for the tests. Genomic Health results: The raw numbers Metric Q2 2018 Q2 2017 Year-Over-Year Change Revenue $95.6 million $85.5 million 14% Income from operations $7.10 million ($3.14 million) N/A Earnings per share $0.23 ($0.08) N/A Data source: Genomic Health. What happened with Genomic Health this quarter? Revenue growth was driven by a 6% increase in the test volume and an 8% climb in average selling price as reimbursement by insurers and governments health plans went up. Leading the way, revenue f
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