TG Therapeutics (NASDAQ: TGTX) experienced a surprising 5.66% plunge in pre-market trading on Monday, despite reporting robust third-quarter results that surpassed analyst expectations. The biopharmaceutical company's stock movement contradicts its impressive financial performance, leaving investors puzzled.
The company reported a remarkable quarterly earnings of $2.43 per share, significantly beating the analyst consensus estimate of $0.22. This represents a substantial 12,050% increase from the $0.02 per share reported in the same period last year. TG Therapeutics also posted quarterly sales of $161.709 million, exceeding the analyst consensus estimate of $152.169 million by 6.27%. The revenue figure marks a 92.79% year-over-year increase from $83.879 million.
Adding to the positive news, TG Therapeutics raised its full-year guidance. The company increased its 2025 global revenue target to approximately $600 million and raised the BRIUMVI U.S. net revenue target to about $585 million, citing strong market demand. Furthermore, the company completed a $100 million share repurchase program and authorized an additional $100 million for future repurchases. Despite these encouraging developments, the stock's pre-market decline suggests that investors may be engaging in profit-taking or harboring concerns not immediately apparent from the earnings report.
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