Why Is Embecta Stock Falling On Friday?
From Yahoo Finance: 2025-05-09 12:10:00
Embecta Corp. (NASDAQ:EMBC) surpassed expectations with second-quarter 2025 adjusted earnings of 70 cents per share, up from 67 cents last year. Sales reached $259 million, beating the consensus of $253.94 million. Revenues decreased 9.8% on a reported basis, with U.S. revenues down 8.4%. International revenues also declined. Gross profit and margin were $164.1 million and 63.4%. Operating income and margin increased to $62.9 million and 24.3%. Adjusted EBITDA and margin were $97.1 million and 37.5%. President and CEO Devdatt Kurdikar praised the quarter’s results and highlighted the company’s ability to repay debt and maintain balance sheet flexibility. Embecta reaffirmed fiscal 2025 adjusted earnings per share guidance of $2.70 to $2.90 and lowered sales guidance to $1.073 billion to $1.09 billion. EMBC stock rose 8.16% to $12.22.
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