What's Going On With Tempus AI Shares Monday?

Tempus AI, Inc. TEM shares are moving higher on Monday. The company may be moving higher ahead of its 2024 fiscal-year fourth-quarter earnings report, which is scheduled to be released after the market closes.

What To Know: Analysts estimate a loss per share of 20 cents and revenue of $203.12 million, according to data from Benzinga Pro.

In its preliminary earnings report for the quarter, the company guided revenue of about $200 million. It also expects the trend of sequential improvement in adjusted EBITDA to continue.

“We concluded 2024 with continued strength in our core businesses, as genomics revenue is expected to grow at ~30% in Q4 and our data and services revenue is expected to grow at ~45%, such that we expect to deliver ~99% of our revenue guidance for 2024 and ~100% of our adjusted EBITDA guidance,” said Eric Lefkofsky, Founder and CEO of Tempus.

“Despite some softness in our CRO revenues, our core businesses gained momentum throughout the year.”

For the 2024 fiscal year third quarter, the company reported a loss of 25 cents per share, missing analysts’ estimate of a loss of 21 cents. In addition, Tempus reported revenue of $180.93 million, missing analysts’ estimate of $207.82 million.

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TEM Price Action: At the time of writing, Tempus stock is trading 3.76% higher at $70.67, per data from Benzinga Pro.

Image: via Tempus