price down icon2.16%   -0.24
after-market  After Hours:  10.885  0.005   +0.05%

Why is CryoPort Inc (CYRX) Stock down?

We've noticed a 5.90% decline in CryoPort Inc (CYRX) stock during the 2024-05-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 Mar, 2024:

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.
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