Cerus Raises FY2024 Product Revenue Guidance to $177.00M-179.00M VS Est. 189.86M
Portfolio Pulse from Benzinga Newsdesk
Cerus Corporation has increased its FY2024 product revenue guidance to $177.00M-$179.00M, up from the previous range of $172.00M-$175.00M. However, this is still below the market estimate of $189.86M.
October 30, 2024 | 8:18 pm
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Cerus Corporation has raised its FY2024 revenue guidance to $177M-$179M, which is an improvement from its previous guidance but still falls short of market expectations of $189.86M.
The increase in revenue guidance suggests positive business developments, which is a good sign for investors. However, the guidance is still below market expectations, which may temper investor enthusiasm and result in a neutral short-term stock price impact.
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