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Despite strong sales growth, the missed EPS target indicates underlying issues, affecting investor sentiment. Historically, similar misses have caused significant stock price drops.
What happened, with direct paths to the underlying reporting
TGTX reported Q1 earnings per share of 3 cents, missing expectations. Sales reached $120.86 million, exceeding consensus of $118.43 million. Briumvi's U.S. net sales were $119.7 million, reflecting strong market adoption. Long-term projections for Briumvi revenue increased to $560 million for 2025. Stock fell 13.2% despite positive sales growth and future forecasts.
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