Exact Sciences Plunges 14.73% Despite Positive Earnings

On August 7, 2025, Exact Sciences' stock price plummeted by 14.73% in pre-market trading, despite the company's recent earnings report showing positive financial results.

Exact Sciences reported a 16% increase in core revenue from the previous year, indicating strong growth in its core business operations. The company also reported a 10.9% increase in revenue year-over-year, with earnings per share of ($0.21), exceeding analysts' expectations. The company's profitability also improved in the last quarter, with a 33.1% annual improvement in EPS over the last five years.

Despite the positive financial results, the company's stock price fell by 0.95% post-earnings. The company raised its full-year revenue and adjusted EBITDA guidance, indicating confidence in its future performance. However, the company's full-year earnings are still negative, which may have contributed to the stock price decline.

In an effort to improve profitability, Exact Sciences laid off 4% of its overall workforce, including some senior executives. This move is part of the company's strategy to streamline operations and focus on profitability over growth. The company's earnings call transcript also indicated that the company is focused on improving its financial performance and reducing losses.