Stock Track | Corcept Therapeutics Plummets 5.03% as Full-Year and Q4 Earnings Disappoint

Stock Track

03-05

Corcept Therapeutics (NASDAQ:CORT) stock plunged 5.03% in the intraday session on Tuesday, following the company's disappointing financial results for the full year 2024 and the fourth quarter.

For the full year 2024, Corcept reported revenue of $675.0 million, missing analyst estimates by 2.6%. Moreover, the company's earnings per share (EPS) of $1.35 fell short of analyst expectations by 13%, further exacerbating investor concerns.

The company's fourth-quarter performance was also lackluster, with revenue and EPS missing analyst estimates. Corcept's revenue of $181.9 million for the quarter was 8.5% below analysts' expectations, while its EPS figures were significantly below consensus estimates.

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