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Why GeneDx Holdings Stock Is Plunging Today
WGSGeneDx (WGS) The Motley Fool·2025-05-01 00:28

Shares of GeneDx Holdings (WGS -38.27%) were plunging 42.9% as of 11:21 a.m. ET on Wednesday. The steep decline came after the genetic diagnostics company announced its 2025 first-quarter earnings before the market opened.GeneDx reported Q1 revenue of 87.1million,up4287.1 million, up 42% year over year. This result was well above the consensus Wall Street forecast of 79.5 million. What about GeneDx's bottom line? The company posted a Q1 net loss of $6.5 million based on generally accepted accounting principles (GAAP). Ho ...