Why Is Embecta Stock Falling On Friday? - Embecta (NASDAQ:EMBC)

Why Is Embecta Stock Falling On Friday? - Embecta (NASDAQ:EMBC)

Embecta reaffirms earnings outlook, trims revenue forecast, and boosts cash flow as restructuring and cost controls offset tariff and FX headwinds.

Embecta to undergo further restructuring, lowers guidance

Embecta (Nasdaq:EMBC) shares were on the rise before hours today after news of restructuring and mixed second-quarter results. Shares of EMBC ticked up 6.7% to $13.30 apiece in pre-market trading today. While the company continues to work through the discontinuation of its insulin patch pump program — the plan for which it says is substantially completed — Embecta said it expanded its product portfolio in the quarter. The company received purcha…