Immunocore Holdings plc (IMCR) saw its shares plummet 5.02% during intraday trading on Wednesday. The sharp decline followed the release of the company's fourth-quarter and full-year 2025 financial results.
The biotechnology company reported a quarterly adjusted loss of $0.60 per share, which was significantly wider than the analyst consensus estimate for a loss of $0.24 per share. Revenue for the quarter came in at $104.48 million, also missing expectations of $107.31 million. Furthermore, the company indicated it expects moderating revenue growth in 2026, contributing to negative investor sentiment.
The earnings miss on both the top and bottom lines, combined with a cautious outlook for the coming year, appears to be the primary driver behind the stock's significant intraday decline.