Q2: NanoString and ASE Technology Unveil Financial Figures
- July 10th, 2023
- 415 views
NanoString Technologies, Inc. (Nasdaq: NSTG) has reported strong preliminary financial figures for the second quarter of 2023. The company expects Q2 revenue to surpass $44 million, reflecting a remarkable year-on-year growth of approximately 37%. This figure exceeds the upper end of its guidance range of $40 million to $42 million, as well as the consensus revenue estimate of $41.38 million.
Additionally, NanoString reiterated its full-year 2023 revenue guidance of $175 million to $185 million. Analysts are expecting $179.13 million in revenue for the period.
In pre-market, $NSTG is trading at $4.07, showing an increase of $0.37 (10.00%).
In other news, ASE Technology Holding Co., Ltd. (NYSE: ASX) reported second-quarter 2023 net revenues of $4.457 billion, reflecting a decline of 18.7% YoY and slightly below the consensus estimate of $4.5 billion for the period.
$ASX is currently trading at $7.57 in pre-market, down $0.01 (0.13%).
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