Collegium Pharmaceutical's stock plummeted 8.74% during intraday trading on Thursday, following the release of its fourth-quarter financial results.
The biopharmaceutical company reported adjusted earnings per share of $2.04 for the quarter, which missed the analyst consensus estimate of $2.33 by 12.37%. Quarterly revenue came in at $205.4 million, a 13% year-over-year increase but slightly below the estimate of $206.4 million.
Despite the company reaffirming its full-year 2026 guidance and reporting strong growth in its Jornay PM product, the double miss on both earnings and revenue targets appears to have driven investor disappointment and the sharp sell-off.
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