Why Ginkgo Bioworks Stock Is Sinking Today
DNAGinkgo Bioworks (DNA) The Motley Fool·2024-03-02 01:21

Shares of Ginkgo Bioworks (DNA -10.53%) were sinking 9.5% lower as of 11:34 a.m. ET on Friday. The sell- off came after the biotechnology company announced its fourth-quarter and full-year 2023 results following the market close on Thursday. Ginkgo reported Q4 revenue of 34.8million,down6534.8 million, down 65% year over year. This result was well below the Wall Street consensus estimate of 42.5 million. The company posted a fourth-quarter net loss of 211.7million,or211.7 million, or 0.11 per share. The average analyst estimate was for ...