Vericel Shares Fall 10% After 4Q Forecast Misses Estimates

Dow Jones

Jan 15, 2025

By Stephen Nakrosis

Shares of Vericel fell after the maker of advanced therapies for the sports medicine and severe burn care markets issued guidance that missed estimates.

The stock fell 10% to $52.50 in post-market trading on Tuesday. Shares ended the day's regular session down 1.5% at $58.76.

The Cambridge, Mass.-based company said it now expects fourth quarter revenue of $68.2 million to $68.7 million. That would miss the $77.9 million estimate of Wall Street analysts surveyed by FactSet. The company had guided for revenue of $76 million to $80 million

Vericel said it now expects revenue of $237 million to $237.5 million for 2024, falling short of the $239.8 million forecast of analysts, according to FactSet. In November the company estimated revenue for 2024 of $238 million to $242 million.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 14, 2025 18:34 ET (23:34 GMT)

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Shares ended the day's regular session down 1.5% at $58.76. \n</p>\n<p>\n  The Cambridge, Mass.-based company said it now expects fourth quarter revenue of $68.2 million to $68.7 million. That would miss the $77.9 million estimate of Wall Street analysts surveyed by FactSet. The company had guided for revenue of $76 million to $80 million \n</p>\n<p>\n  Vericel said it now expects revenue of $237 million to $237.5 million for 2024, falling short of the $239.8 million forecast of analysts, according to FactSet. 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The company had guided for revenue of $76 million to $80 million \n\n\n  Vericel said it now expects revenue of $237 million to $237.5 million for 2024, falling short of the $239.8 million forecast of analysts, according to FactSet. In November the company estimated revenue for 2024 of $238 million to $242 million. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 18:34 ET (23:34 GMT)\n\n\n  Copyright (c) 2025 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":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}