Pacira Pharmaceuticals (NASDAQ: PCRX) saw its stock plummet 7.99% in Friday's trading session following the release of its first-quarter 2025 financial results. Despite beating earnings estimates, the company's revenue fell short of expectations, disappointing investors and triggering a sell-off.

The biopharmaceutical company reported adjusted earnings per share of $0.62, surpassing the analyst consensus estimate of $0.60. This represents a 3.33% beat and matches the company's performance from the same period last year. However, Pacira's quarterly revenue of $168.92 million missed the analyst consensus estimate of $176.03 million by 4.03%. Although this figure represents a slight 1.08% increase from the $167.12 million reported in the same quarter of the previous year, the revenue miss appears to have overshadowed the earnings beat in investors' minds.

Despite the mixed results, Pacira Biosciences maintained its full-year 2025 financial guidance, suggesting management's confidence in the company's overall trajectory. The firm also reported a strong cash position, with cash and investments totaling $493.6 million at the end of the quarter. However, the market's negative reaction indicates that investors may be concerned about the company's ability to meet growth expectations in an increasingly competitive pharmaceutical landscape.