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Why Castle Biosciences Stock Is Jumping Today

Why Castle Biosciences Stock Is Jumping Today

The nice gain came after the genetic testing company announced its second-quarter results following the market close on Wednesday. Castle reported Q2 revenue of $50 million, a year-over-year (YOY) increase of 44%. The company posted a net loss in the second quarter of $18.8 million, or $0.70 per share.