Myriad Genetics Shares Jump On Earnings Beat, Outlook

By Wallace Witkowski Markets MarketWatch Pulse

Myriad Genetics Inc. [s; mygn] shares jumped in the extended session Tuesday after the medical diagnostic test company's quarterly results and outlook topped Wall Street estimates. Myriad Genetics shares jumped 15% to $21.50 after hours. The company reported adjusted fiscal third-quarter earnings of 27 cents a share on revenue of $196.9 million. Analysts surveyed by FactSet had forecast earnings of 23 cents a share on revenue of $189.1 million. For the fourth quarter, Myriad sees adjusted earnings of 26 cents to 28 cents a share on revenue of $192 million to $194 million. Analysts expect earnings of 26 cents a share on revenue of $188.5 million.

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