Here's Why Invitae Dropped as Much as 14.3% Today [The Motley Fool]
Invitae Corporation (NVTA)
Last invitae corporation earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
ir.invitae.com/investor-relations/default.aspx
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Source: The Motley Fool
Wall Street isn't happy about preliminary expectations for 2018. Maxx Chatsko ( TMFBlacknGold ) Jan 8, 2018 at 3:03PM What happened Shares of genetic testing leader Invitae ( NYSE:NVTA ) fell over 14% today after the company provided investors a sneak peek at full-year 2017 results and preliminary guidance for 2018. It prepared investors to expect an overall strong 2017 campaign once results are finalized, although that was never in doubt. Wall Street seems to be taking two issues with today's update. First, Invitae only hit the midpoint of its guidance range for revenue from its base operations in 2017. Second, it expects to grow full-year 2018 revenue only 79% to $120 million in a worst-case scenario. It may sound a bit silly to be dissatisfied with that rate of growth, but investors were expecting more -- and for good reason. As of 1:42 p.m
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NVTA
News
- Invitae gets court approval for five-month bankruptcy sale [Reuters]Reuters
- Invitae gets court approval for five-month bankruptcy sale [Yahoo! Finance]Yahoo! Finance
- Genetic Testing Firm Invitae, Backed by SoftBank and Cathie Wood, Files for Chapter 11 [Yahoo! Finance]Yahoo! Finance
- Invitae files for Chapter 11 bankruptcy to address huge debt load [Seeking Alpha]Seeking Alpha
- Genetic test maker Invitae files for bankruptcy protection in US [Reuters]Reuters
NVTA
Earnings
- 11/8/23 - Miss
NVTA
Sec Filings
- 2/14/24 - Form 8-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- NVTA's page on the SEC website