Harrow Q3 Core Loss Narrows, Revenue Increases -- Shares Plunge After Hours

MT Newswires Live

2024/11/14

Harrow (HROW) reported a Q3 core net loss late Wednesday of $0.05 per diluted share, narrowing from a $0.09 loss a year earlier.

Analysts polled by Capital IQ expected EPS normalized of $0.07.

Revenue for the quarter ended Sept. 30 was $49.3 million, up from $34.3 million a year earlier. Analysts surveyed by Capital IQ expected $52.8 million.

The company said it had cash and cash equivalents of $72.6 million as of Sept. 30.

Shares of Harrow plunged 26.5% in after-hours activity.

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