Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending
Tempus Al TEM | 44.16 45.32 | -7.03% +2.64% Pre |
Tempus AI Inc. (NASDAQ:TEM) shares are trending on Wednesday.
Check out the current price TEM of stock here.
Shares of the healthcare technology company dropped 6.02% to $79.40 in after-hours trading on Tuesday following its third-quarter earnings report.
Third-Quarter Results Beat Street Expectations
Tempus AI reported revenue of $334.21 million, topping analyst estimates of $328.73 million and marking an 84.7% increase from a year earlier.
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The loss estimate of 17 cents was surpassed by the adjusted loss per share of 11 cents. Compared to a $21.8 million loss the previous year, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) turned positive at $1.5 million.
Guidance Raised For Full Year
For fiscal 2025, Tempus expects slightly positive adjusted EBITDA and raised its full-year revenue forecast to $1.265 billion, representing 80% growth.
Stock Performance
The Illinois-based company has gained 146.69% year-to-date but slipped 9.23% over the past month.
With a 52-week range of $31.36 to $104.32, Tempus AI has a market capitalization of $14.68 billion.
Price Action: On Tuesday, TEM closed at $84.49, down 4.76%, according to Benzinga Pro data.
With a strong Momentum in the 90th percentile, Benzinga’s Edge Stock Rankings indicate that TEM has a positive price trend across all time frames. Know how its momentum lines up with other well-known names.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.