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Silk Road Medical stock falls following outlook, CEO’s retirement

Silk Road Medical Inc.
SILK,
-0.71%
shares dropped in the extended session Tuesday after the medical device company updated its forecast and said its chief executive was retiring. The company forecast third-quarter revenue of about $44.4 million, and full-year revenue of $170 million to $174 million. Analysts surveyed by FactSet expect third-quarter revenue of $46.3 million, and full-year revenue of $181.7 million. The company also said CEO Erica Rogers plans to retire from the company as soon as a successor is appointed following a search. Silk Road Medical shares fell more than 10% in the extended session.

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