Grail falls after Q1 revenue miss
Shares of cancer diagnostic maker Grail GRAL.O down 14.5% at $36.66
Company late on Tuesday reported Q1 revenue of $31.8 million, missing analysts' average expectation of $35.2 million - data compiled by LSEG
GRAL reported quarterly loss of $3.10/shr vs estimates for loss of $4.09/shr
"We think the company will benefit from upcoming catalysts and its 'trailblazer' advantage in multi-cancer early detection (MCED)," brokerage Canaccord Genuity says
Galleri is a blood test designed to detect more than 50 types of cancer and it is currently sold only in the U.S.
GRAL continues to expect to generate U.S. Galleri y-o-y revenue growth of 20% to 30% in 2025
Brokerage raises long-term Galleri revenue estimates and says "we believe the shares do not reflect the company's growth potential, as we see it"
Including session's moves, stock up 140.3% YTD
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