By Katherine Hamilton
TG Therapeutics shares declined after the company's first-quarter earnings fell short of expectations.
Shares slid 13% to $37.99 on Monday following its earnings release. The stock is still up 26% this year.
The Morrisville, N.C., biopharmaceutical company posted a profit of $5.1 million, or 3 cents a share, in the three months ended March 31, compared with a loss of $10.7 million, or 7 cents a share, the year before.
Analysts polled by FactSet were expecting a profit of $28.0 million, or 17 cents a share.
Revenue rose to $120.9 million, up from $63.5 million the year before. That was ahead of the $117.9 million Wall Street expected.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 05, 2025 12:09 ET (16:09 GMT)
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