Harrow Health Inc (HROW) stock is experiencing a pre-market plunge of 5.30% on Tuesday, following the release of its third-quarter 2025 financial results. The specialty pharmaceutical company's earnings and revenue fell short of analysts' expectations, triggering a sell-off that began in after-hours trading on Monday.
The company reported adjusted earnings per share (EPS) of $0.33, which, while beating the FactSet analyst estimate of $0.29, fell significantly short of the $0.22 per share expected by Wall Street. Revenue for the quarter came in at $71.6 million, representing a 45% year-over-year increase but missing analyst expectations of $73.7 million. The underperformance was largely attributed to disappointing results from Triesence, a steroid used to treat various eye diseases.
Despite the setback, Harrow Health's CEO Mark Baum remains optimistic about Triesence's future, expecting it to become the leading ophthalmic injectable steroid in the U.S. market as it gains traction in the eye inflammation segment. However, the market's immediate reaction suggests that investors may need more convincing before regaining confidence in Harrow Health's growth prospects. As trading continues, all eyes will be on how the stock performs throughout the regular session and whether the company can address investor concerns about its product performance and overall financial health.
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