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Azenta shares rose 9.2% to $44.20 after Tuesday’s closing bell, following fiscal fourth-quarter revenue and adjusted earnings that topped analysts’ expectations. The life sciences company also forecast fiscal 2027 revenue above the current Wall Street estimate.
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%.
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