Guardant Health Reports Q4 Loss, Misses Estimates; Shares Fall

Palo Alto, Calif.-Based Guardant Health Reports Q4 Loss

PALO ALTO, Calif. (AP) — Guardant Health Inc. (GH) announced a fourth-quarter loss of $111 million Thursday. The Palo Alto, California, company reported a per-share loss of 90 cents. Adjusted for non-recurring items, the loss was 62 cents per share, below analysts' consensus estimate of a 50-cent loss per share, according to Zacks Investment Research.

Revenue for the quarter reached $201.8 million, exceeding analysts' forecasts of $199.9 million. For the full year, Guardant Health reported a loss of $436.4 million, or $3.56 per share, and revenue of $739 million.

The company expects full-year revenue for 2023 to be between $850 million and $860 million.

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Guardant Health Reports Q4 Loss, Misses Estimates; Shares Fall

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