Cerus (CERS) Tops Q2 EPS by 1c, increases product revenue guidance

Cerus (NASDAQ: CERS) reported Q2 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $50.52 million versus the consensus estimate of $47.63 million.

Increasing 2024 Product Revenue Guidance

Given the strong performance in the first half and continued growing conviction around IFC demand, the Company expects full-year 2024 product revenue will be in the range of $175 million to $178 million, representing increased growth expectations of approximately 12-14% over full-year 2023 results. Previously, the Company’s 2024 product revenue guidance range was $172 million to $175 million. The Company is reiterating full-year 2024 IFC revenue guidance of $8 million to $10 million.

For earnings history and earnings-related data on Cerus (CERS) click here.

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