Establishment Labs Holdings Inc (ESTA)

Establishment Labs Holdings Stock (ESTA) dropped by 23.20% from $32.70 to $25.11 in the trading on Wednesday November 8, 2023. The reason why ESTA stock down today include

• Third-quarter results: Although revenue increased marginally to $38.5 million in Q3, Establishment Labs' financial performance fell short of expectations. The company's net loss widened to $29.3 million, or $1.12 per share, due to rising expenses and lower-than-expected revenue growth.
• Narrowed guidance: The company lowered its 2023 full-year revenue guidance to $165 million from a range of between $200 million and $210 million due to lower demand for breast procedures globally.