CryoPort, Inc. (CYRX) Reports Q1 Loss, Tops Revenue Estimates

By Zacks10 days ago

CryoPort, Inc. (CYRX) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 38.10%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.28, delivering a surprise of -86.67%.

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Over the last four quarters, the company has surpassed consensus EPS estimates just once.

CryoPort, Inc.Which belongs to the Zacks Transportation - Services industry, posted revenues of $53.28 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 13.63%. This compares to year-ago revenues of $9.77 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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