Sientra falls on lowering FY revenue forecast

Project Sage Oldco

12/08/2022 16:22

** Shares of medical aesthetics company Sientra Inc  SIEN.O 
slide 24.6% to $0.92 - set for biggest pct fall in more than two
years
    ** Cuts FY revenue forecast to a range of $90 mln-$95 mln,
from $93 mln-$97 mln previously, citing weaker consumer spending
amid recession concerns  urn:newsml:reuters.com:*:nGNX8P8f0J
    ** Also posts wider-than-expected Q2 loss of 29 cents/share,
compared with estimates of 23 cents/share - Refinitiv data
    ** At least two brokerages cut PT
    ** Craig-Hallum says pandemic boom for aesthetics appears to
be over, cuts PT to $2 from $10
    ** Including session's fall, stock down ~75% YTD

 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))