Guardant Health (GH) Jumps to New Record High on Earnings Blowout, Bullish Outlook

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Guardant Health Inc. (NASDAQ:GH) is one of the best-performing stocks on Thursday.

Guardant Health soared to a fresh record high on Thursday, as investors took heart from an impressive earnings performance and a higher growth outlook for the full-year period.

During the trading session, Guardant Health Inc. (NASDAQ:GH) jumped to its highest level of $95.88 before paring gains to end the day just up by 27.87 percent at $92.41 apiece.

In an updated report, Guardant Health Inc. (NASDAQ:GH) narrowed its net loss by 13.9 percent to $92.7 million from $107.7 million in the same period last year, while revenues jumped by 38.7 percent to $265 million from $191 million year-on-year, on the back of strong revenues across all its businesses.

Following the results, Guardant Health Inc. (NASDAQ:GH) raised its revenue guidance for the full-year period to a new range of $965 million to $970 million, versus the $915 million to $925 million targeted previously. The said numbers would represent growth of approximately 31 percent from the full-year 2024.

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Disclosure: None. This article is originally published at Insider Monkey.