By Kelly Cloonan
Shares of Integra LifeSciences slid as the company cut its full-year outlook after supply chain interruptions dragged on revenue growth in its latest quarter.
The stock dropped 25% to $11.62 on Thursday. Shares are down 49% this year.
The medical technology company now forecasts adjusted earnings per share of $2.19 to $2.24 for the year, lowering the upper range of its prior projection of $2.19 to $2.29.
Integra also cut its revenue outlook, guiding for sales of $1.62 billion to $1.64 billion, compared to $1.66 billion to $1.68 billion previously.
The updated guidance comes after Integra said third-quarter revenue was negatively affected by two supply interruptions. Chief Executive Mojdeh Poul said the company is working to strengthen its supply chain and quality management system, and is confident it can improve overall performance.
For the third quarter, Integra narrowed its loss to $5.4 million, or 7 cents a share, from a loss of $10.7 million, or 14 cents a share, a year earlier.
Adjusted earnings per share were 54 cents, ahead of estimates of 43 cents a share according to analysts polled by FactSet.
Revenue rose 5.6% to $402.1 million, missing analyst expectations of $414.2 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 30, 2025 12:14 ET (16:14 GMT)
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