Xeris Biopharma Raises FY24 Total Revenue Outlook To $175M-$200M Vs. 184.43M Estimate (Prior View: $170M-$200M)
Portfolio Pulse from Benzinga Newsdesk
Xeris Biopharma has updated its FY24 total revenue forecast, now expecting revenues to be between $175M-$200M, compared to the previous range of $170M-$200M. This new forecast is in line with the analyst estimate of $184.43M.
May 09, 2024 | 11:09 am
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Xeris Biopharma raises its FY24 revenue outlook to a range of $175M-$200M, slightly above its prior lower end estimate.
Raising the lower end of the revenue forecast indicates Xeris Biopharma's confidence in its financial performance and operational efficiency. This positive adjustment, although minor, could instill investor confidence and potentially lead to a short-term uptick in the stock price, as it aligns closely with analyst expectations.
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