By Terell Wright
Shares of Treace Medical Concepts fell after the medical-technology company lowered its full-year revenue outlook, citing softening customer demand for elective bunion surgeries.
Shares fell 34%, to $4.10, midday Friday, after touching a new 52-week low earlier in the day. Year-to-date, shares are down nearly 45%.
The company on Thursday cut its full-year revenue guidance to a range of $211 million to $213 million, from a prior range of $224 million to $230 million. Analysts expected $216.9 million, according to FactSet.
Chief Executive John Treace said the company lowered its outlook because shifting surgeon and patient preferences favor minimally invasive solutions, and economic conditions are causing patients to defer elective bunion surgery.
The Ponte Vedra Beach, Fla., company's third-quarter loss widened to $16.3 million, or 26 cents a share, from $15.4 million, or 25 cents a share, a year earlier. Analysts expected a loss of 28 cents a share.
Revenue rose 11%, to $50.2 million, ahead of Wall Street's estimate for $49.8 million.
Write to Terell Wright at terell.wright@wsj.com
(END) Dow Jones Newswires
November 07, 2025 15:05 ET (20:05 GMT)
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