Certara stock drops after biotech software company misses profit target

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Certara Inc. stock was down 14.6% in premarket trades on Thursday after the biotech software company missed Wall Street’s adjusted earnings and revenue...

Certara Inc.

stock was down 14.6% in premarket trades on Thursday after the biotech software company missed Wall Street’s adjusted earnings and revenue targets and said its 2023 profit would fall short of analyst forecasts. The company’s second-quarter adjusted profit of 12 cents a share missed the FactSet consensus estimate of 13 cents a share, while its revenue of $90.5 million fell short of the analyst target of $92.2 million. The Princeton, N.J.

stock was down 14.6% in premarket trades on Thursday after the biotech software company missed Wall Street’s adjusted earnings and revenue targets and said its 2023 profit would fall short of analyst forecasts. The company’s second-quarter adjusted profit of 12 cents a share missed the FactSet consensus estimate of 13 cents a share, while its revenue of $90.5 million fell short of the analyst target of $92.2 million. The Princeton, N.J.

 

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