By Kelly Cloonan
Shares of Harrow fell after earnings and revenue missed Wall Street's expectations in the latest quarter due to underperformance for its Triesence product.
The stock declined 7.7% to $31.50 in after-hours trading on Monday. Through market close, shares are up 1.8% this year.
The disease management solutions provider posted a third-quarter profit of $1 million, or 3 cents a share, compared with a loss of $4.2 million, or 12 cents a share, a year earlier. Analysts expected earnings of 22 cents a share, according to FactSet.
Adjusted earnings per share were 33 cents, topping estimates of 29 cents a share according to analysts polled by FactSet.
Revenue jumped 45% to $71.6 million, missing analyst expectations of $73.7 million.
Chief Executive Mark Baum said the results were driven in part by worse-than-expected performance for Triesence, a steroid used to treat several eye diseases.
Still, Baum expects the product will become the leading ophthalmic injectable steroid in the U.S. market as it gains traction in the eye inflammation market, he said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 10, 2025 18:10 ET (23:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments