Tempus AI Q2 Revenue Misses Prior Report, Stock Drops 2.4% After Hours
TEM is trading near its 52-week low of $40.77 (7.0% above the low).
Summary
Tempus AI reported Q2 revenue of $382.5M, up 22% YoY, but this figure conflicts with an earlier Dow Jones report of $389.5M. The company beat consensus estimates on both revenue and EPS, yet shares fell 2.4% after hours, likely due to decelerating growth and a minimal guidance raise. Full-year revenue guidance was nudged to $1.595B-$1.605B from $1.59B-$1.60B, with adjusted EBITDA seen at $65M. The pending $1.5B Personalis acquisition is not included in guidance. The after-hours decline suggests the market is focusing on the growth slowdown and the discrepancy in reported numbers.
At the time of this announcement, TEM was trading at $43.63 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $8B. The 52-week trading range was $40.77 to $104.32. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.