Financial PerformanceOverall, 1Q revenues are expected to be $1.55bn, approximately 2% lower than the prior estimate of $1.58bn, and EPS is projected at $1.04, down from $1.06 previously.
GuidanceThe decision to maintain all components of guidance was framed as conservatism, noting both the still early time point in the year as well as the potential for FX impacts to weigh.
Revenue EstimatesUpdates to the model ahead of 1Q24 earnings based on the review of IQVIA prescription trends and management commentary prompt a lowering of revenue estimates for both Nexplanon and Hadlima.