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Benzinga
Benzinga
Business
Adam Eckert

Why Ginkgo Bioworks Stock Is Falling After Hours

Ginkgo Bioworks Ginkgo Bioworks Holdings Inc NYSE

Ginkgo Bioworks Holdings Inc (NYSE:DNA) shares are trading lower in Monday's after-hours session after the company reported financial results.

Ginkgo Bioworks said first-quarter revenue increased 282% year-over-year to $168 million, which beat the $105.68-million estimate, according to data from Benzinga Pro. The company said it added 11 new cell programs in the first quarter, representing 175% growth year-over-year.

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