Harrow Shares Fall 25% After 3Q Results Miss Estimates

Dow Jones

2024-11-14

By Kailyn Rhone

Shares of Harrow slipped after the pharmaceutical company reported third-quarter results that missed analysts' expectations.

The stock closed down 25%, at $39.10, in after-hours trading Wednesday. For the year, shares are up 362%.

The Nashville company reported a third-quarter loss of $4.2 million, or 12 cents a share, compared with a loss of $4.4 million, or 13 cents a share, for the same period a year earlier. Analysts polled by FactSet expected a loss of five cents.

Revenue rose 44%, to $49.3 million. That fell short of the $52.8 million expected by analysts polled by FactSet.

Chief Executive Mark L. Baum said the company sees strong performance for the fourth quarter and expects "a record-breaking finish" for the year.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

November 13, 2024 17:37 ET (22:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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For the year, shares are up 362%. \n</p>\n<p>\n  The Nashville company reported a third-quarter loss of $4.2 million, or 12 cents a share, compared with a loss of $4.4 million, or 13 cents a share, for the same period a year earlier. Analysts polled by FactSet expected a loss of five cents. \n</p>\n<p>\n  Revenue rose 44%, to $49.3 million. That fell short of the $52.8 million expected by analysts polled by FactSet. \n</p>\n<p>\n  Chief Executive Mark L. Baum said the company sees strong performance for the fourth quarter and expects \"a record-breaking finish\" for the year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kailyn Rhone at kailyn.rhone@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 17:37 ET (22:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HROW","symbol_name":"Harrow Health Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483869524","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483869524","pubTimestamp":1731537420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Harrow slipped after the pharmaceutical company reported third-quarter results that missed analysts' expectations.The stock closed down 25%, at $39.10, in after-hours trading Wednesday. For the year, shares are up 362%.The Nashville company reported a third-quarter loss of $4.2 million, or 12 cents a share, compared with a loss of $4.4 million, or 13 cents a share, for the same period a year earlier. Analysts polled by FactSet expected a loss of five cents.Revenue rose 44%, to $49.3 million. That fell short of the $52.8 million expected by analysts polled by FactSet.Chief Executive Mark L. 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That fell short of the $52.8 million expected by analysts polled by FactSet. \n\n\n  Chief Executive Mark L. Baum said the company sees strong performance for the fourth quarter and expects \"a record-breaking finish\" for the year. \n\n\n \n\n\n  Write to Kailyn Rhone at kailyn.rhone@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 17:37 ET (22:37 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}