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Simulations Plus Slashes Guidance Amid Biotech Spending Cuts, Analyst Expresses Doubt

Simulations Plus Inc SLP stock tanked after the company lowered its fiscal 2025 sales outlook.The company expects third-quarter sales of 19million19 million-20 million, much below the consensus of 22.78million.OnWednesday,thecompanycutits2025salesforecastto22.78 million.On Wednesday, the company cut its 2025 sales forecast to 76 million—80millionversusaconsensusof80 million versus a consensus of 90.26 million, down from prior guidance of 90million90 million—93 million.Also Read: What's Going On With Charles River, Certara, Simulations Plus Stocks On Friday?"Market uncertainties surrounding future fundi ...