{"id":46910,"date":"2023-08-10T16:12:40","date_gmt":"2023-08-10T20:12:40","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/certara-stock-drops-after-biotech-software-company-misses-profit-target\/"},"modified":"2023-08-10T16:12:42","modified_gmt":"2023-08-10T20:12:42","slug":"certara-stock-drops-after-biotech-software-company-misses-profit-target","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46910","title":{"rendered":"Certara stock drops after biotech software company misses profit target"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002385421\" role=\"document\">\n<p>Certara Inc.<br \/>\n        CERT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/223079200\/composite\" class=\"negative\">-7.65%<\/bg-quote><br \/>\n       stock was down 14.6% in premarket trades on Thursday after the biotech software company missed Wall Street\u2019s adjusted earnings and revenue targets and said its 2023 profit would fall short of analyst forecasts.  The company\u2019s 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. company said it faced lower growth than expected in its services business \u201cdue to cautious spending among smaller biotech customers, as well as a slow recovery in our regulatory business.\u201d Looking ahead, Certara expects adjusted 2023 profit of 44 cents to 48 cents a share, below the analyst estimate of 50 cents a share.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/certara-stock-drops-after-biotech-software-company-misses-profit-target-13d4c9e2?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Certara Inc. CERT, -7.65% stock was down 14.6% in premarket trades on Thursday after the biotech software company missed Wall Street\u2019s adjusted earnings and revenue targets and said its 2023 profit would fall short of analyst forecasts. The company\u2019s second-quarter adjusted profit of 12 cents a share missed the FactSet consensus estimate of 13 cents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-46910","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Certara stock drops after biotech software company misses profit target | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Certara Inc. 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