TransMedics Group shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 revenue guidance with its midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
TransMedics Group shares declined following the release of disappointing Q3 financial results and FY24 revenue guidance that fell short of expectations.
October 28, 2024 | 8:23 pm
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NEGATIVE IMPACT
TransMedics Group's stock is trading lower due to worse-than-expected Q3 financial results and FY24 revenue guidance that did not meet estimates.
The company's Q3 financial results were below expectations, which typically leads to a negative market reaction. Additionally, the FY24 revenue guidance midpoint being below estimates suggests potential future underperformance, further contributing to the stock's decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100