Repligen Q3 Earnings Beat Expectations, Highlights Improving Market Conditions, Analyst Says Well-Positioned For Long-Term Growth

Quick Summary:

We are encouraged to see strengthening CDMO and equipment sales in the quarter, each delivering year-over-year and sequential growth.”

The company reported record quarterly revenue for new modalities, a 20% increase year over year.

Olivier Loeillot, president and CEO of Repligen, said, "I'm pleased to report strong third-quarter results, made possible by the excellent execution by our team and improving market conditions.

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Author / Journalist: Vandana Singh

Category: Technology

Markets: United States

Topics: News General Briefs Analyst Color Benzinga Expert Ideas Guidance William Blair RGEN Health Care Movers Analyst Ratings US7599161095 Why it's moving Tech Earnings Trading Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 18:19:20 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23558041

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