NEW YORK – Exact Sciences reported after the close of the market on Tuesday that its fourth quarter revenues rose 107 percent year over year, thanks to a 63 percent increase in testing volumes for its Cologuard colorectal cancer screening test.
For the three months ended Dec. 31, 2019, the Madison, Wisconsin-based molecular diagnostics company reported revenues of $295.6 million, up from $143.0 million a year earlier, and beating the average Wall Street estimate of $283.1 million.