0915 ET - RxSight's latest update leaves more questions than answers, JPMorgan analysts say in a research note. The ophthalmic medical-device company on Tuesday guided for a 2Q revenue decline and lowered full-year revenue guidance. The analysts note a few factors for the shortfall, including softness in cataract volumes and increased competition in the premium intraocular lens space. "It's difficult to underwrite the outlook beyond 2H25 even as the revised guidance sets a hopeful floor to grow off of," say the analysts. "We're reiterating our underweight rating as a result and expect RxSight to remain in the penalty box as it aims to both showcase stability in 2H25 and the ability to return to growth in 2026+." Shares dive 49% to $6.50 in premarket trading. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 09, 2025 09:15 ET (13:15 GMT)
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