
Capricor Therapeutics Stock Slides As Q4 Earnings Miss Estimates

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Capricor Therapeutics shares fell 5.69% to $31.52 after reporting a wider-than-expected Q4 loss of 62 cents per share, missing estimates of 54 cents. Revenue dropped to zero from $11.1 million a year earlier, while operating expenses rose to $29.2 million. Despite the earnings miss, the company highlighted progress in its lead candidate, deramiocel, with a biologics license application under FDA review and positive results from the Phase 3 HOPE-3 trial. Analysts maintain a bullish outlook, with price targets of $60 and $58 from HC Wainwright and Piper Sandler, respectively.
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