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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Ginkgo Bioworks Shares Are Rising

Ginkgo Bioworks Ginkgo Ginkgo Bioworks Holdings Inc NYSE Foundry

Ginkgo Bioworks Holdings Inc (NYSE:DNA) shares are trading higher by 22.0% at $4.56 after the company reported better-than-expected fourth-quarter sales results and issued FY22 sales guidance above analyst estimates.

Ginkgo Bioworks reported quarterly sales of $148.00 million which beat the analyst consensus estimate of $94.81 million by 56%. This is a 363% increase over sales of $32.00 million in the same period last year.

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