Markets: News

Tuesday, March 21, 2023 3:22:01 AM EDT

Show Me

Search News

Companies Mentioned

Symbol	Last	Change
ME	$2.16	-5.68%

Back to News Overview

23andMe stock jumps more than 12% on raised 2023 guidance

2/8/23 4:51 PM ET (MarketWatch)Print

Shares of 23andMe Holding Co. (ME) rallied more than 12% in the extended session Wednesday after the genetics company raised guidance for 2023. 23andMe lost $92 million, or 20 cents a share, in the fiscal third quarter, compared with a loss of $89 million, or 21 cents a share, in the year-ago period. Fiscal third-quarter revenue grew 18% to $67 million. FactSet consensus called for a loss of 19 cents a share on sales of $66 million. The company raised its fiscal 2023 revenue guidance to between $290 million and $300 million, with a net loss in a range of $325 million to $335 million. The FactSet consensus calls for fiscal 2023 revenue of around $277 million. Shares of 23andMe ended the regular trading day down 0.4%.

-Claudia Assis

(END) Dow Jones Newswires