Early Development BusinessWeaker-than-expected results in the early development business raise concerns about revenue diversification and the company's ability to offset core-market headwinds.
Guidance RevisionManagement trimmed full-year revenue guidance by $45 million due to acquisition timing and adverse foreign exchange, increasing near-term top-line uncertainty.
Margin And Valuation PressuresInvestor focus on margin expansion uncertainty, driven by pricing pressures, has shifted the sector's risk/reward and could constrain further valuation multiple gains.