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Accelerate Diagnostics beat earnings expectations but saw stock drop despite lower revenue.
Accelerate Diagnostics reported better-than-expected earnings for the latest quarter, with an EPS of ($0.37), beating forecasts of ($0.50).
However, revenue was slightly lower at $2.82 million versus the expected $3.00 million.
Despite the positive earnings surprise, the company's stock price fell $0.07 to $1.06 on Friday.
Accelerate Diagnostics provides diagnostic solutions for serious infections.
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Acelerar Diagnóstico batió las expectativas de ganancias, pero vio bajar las acciones a pesar de los ingresos más bajos.