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Why GeneDx Holdings Stock Is Plunging Today

TheMotleyFool

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Why GeneDx Holdings Stock Is Plunging Today: https://g.foolcdn.com/editorial/images/816633/stock-chart-falling-with-man-holding-hand-to-head.jpg

Shares of GeneDx Holdings (NASDAQ: WGS) were plunging 42.9% as of 11:21 a.m. ET on Wednesday. The steep decline came after the genetic diagnostics company announced its 2025 first-quarter earnings before the market opened.

GeneDx reported Q1 revenue of $87.1 million, up 42% year over year. This result was well above the consensus Wall Street forecast of $79.5 million.

What about GeneDx's bottom line? The company posted a Q1 net loss of $6.5 million based on generally accepted accounting principles (GAAP). However, its adjusted net earnings for the quarter were $7.7 million, or $0.27 per share. The average analysts' estimate projected adjusted earnings per share of $0.09.

Source Fool.com

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