Biote Corp reports results for the quarter ended September 30 - Earnings Summary
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Biote Corp reported Q3 earnings of 22 cents per share, down from 33 cents last year, and below analysts' expectations of 5 cents. Revenue decreased by 6.7% to $47.96 million, slightly above the expected $47.76 million. The company’s net income was $8.19 million. Biote shares fell 4.7% this quarter and 53.7% year-to-date. Analysts maintain a "buy" rating, with a 12-month price target of $5.28, 44.5% above the last closing price of $2.93.
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