Financial PerformanceExact Sciences reported 3Q revenue below expectations and meaningfully lowered 2024 revenue guidance, mainly attributed to weaker Screening trends.
Sales And Commercial ExecutionThe screening segment has suffered due to sales force challenges, such as insufficient follow-up between sales and new prescribers, misaligned incentives, and poor division of sales territories.
Stock PerformanceEXAS' stock is indicating down 30%, and significant cuts to numbers were made, reducing the price target from $82 to $65.