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1.10%
0.50
Why is Establishment Labs Holdings Inc (ESTA) Stock down?
We've noticed a 7.22% decline in Establishment Labs Holdings Inc (ESTA) stock during the 2024-11-13 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!
08 Nov, 2023:
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.
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