Pacira Pharmaceuticals (PCRX) saw its shares plummet 5.57% intraday on Friday, following the release of its first-quarter earnings report.
The company reported Q1 non-GAAP earnings of $0.60 per diluted share, down from $0.62 a year earlier, despite beating analyst expectations of $0.55. Revenue for the quarter rose to $177.4 million from $168.9 million a year ago, also surpassing estimates of $171.8 million.
However, investors reacted negatively as earnings declined year-over-year, and the company maintained its 2026 revenue forecast of $745 million to $770 million without an upward revision, potentially disappointing some market participants.
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