Azenta Shares Jump 9.2% After Earnings Beat Estimates

Azenta reported a profit of $6.8 million, or 16 cents a share, compared with $50.9 million, or $1.11 a share, a year earlier. Excluding certain one-time items, earnings were 28 cents a share, ahead of the 11 cents forecast by analysts surveyed by FactSet.

Revenue increased to $167.1 million from $159.2 million a year earlier, exceeding the $160.2 million analysts had expected. The stock had closed Tuesday down 1.2% at $40.48 and was up 22% year to date through the close.

For fiscal 2027, Azenta forecast revenue from continuing operations of $648 million to $660 million. Analysts currently expect $639.2 million. The company also expects organic revenue growth of 3% to 5% and free cash flow growth of around 25%.