Stock Track | Xeris Pharmaceuticals Plunges 6.79% Pre-market on Q3 Revenue Miss and Updated Guidance

Stock Track11-06

Xeris Pharmaceuticals Inc (XERS) shares tumbled 6.79% in pre-market trading on Thursday, as investors reacted to the company's third-quarter earnings report and updated revenue guidance for 2025.

The biopharmaceutical company reported Q3 product revenue of $74.063 million, slightly missing the IBES estimate of $74.2 million. Despite the revenue shortfall, Xeris managed to post a net income of $621,000 for the quarter, translating to earnings per share of $0. The company also reported an operating income of $6.731 million, indicating improved operational efficiency.

Adding to investor concerns, Xeris Biopharma Holdings Inc updated its 2025 revenue guidance to a range of $285-$290 million. While the specific previous guidance was not mentioned in the available news, the market reaction suggests that this updated forecast may be lower than earlier expectations. The combination of the slight Q3 revenue miss and the potentially lowered future guidance appears to have triggered the significant pre-market sell-off.

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