Cryoport Inc (CYRX)

CryoPort Inc (CYRX) stock declined by 11.90% following the release of its quarterly earnings report. The company reported a loss of $0.51 per share, compared to the Zacks Consensus Estimate of a loss of $0.32 per share. This represents a substantial decrease from the loss of $0.24 per share reported in the same quarter last year, adjusted for non-recurring items.

• Earnings Surprise and Revenue Performance: The quarterly report showed an earnings surprise of -59.38%, indicating a significant deviation from expectations. While the company had met expectations in the previous quarter, it has only surpassed consensus EPS estimates once in the last four quarters. In terms of revenue, CryoPort reported $57.26 million for the quarter, missing the Zacks Consensus Estimate by 1.74% and down from $60.36 million in the same period last year. However, the company has exceeded consensus revenue estimates three times in the last four quarters.