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Stock impact report

ImmuCell Q3 Earnings Decline Y/Y, Sales Grow Amid Margin Challenges [Yahoo! Finance]

ImmuCell Corporation (ICCC) 
US:NASDAQ Investor Relations: immucell.com/investors
Company Research Source: Yahoo! Finance
Over the past month, ICCC stock has seen a 0.3% decline against the S&P 500's 0.7% rise, highlighting relatively underwhelming performance amid broader market strength. The company reported third-quarter 2024 earnings per diluted share of 9 cents, down from 12 cents in the prior-year quarter. ImmuCell's product sales for the third quarter of 2024 increased 11% to $6 million from $5.4 million in the year-ago quarter. This growth reflects robust customer demand for the company's First Defense product line, particularly its expanded Tri-Shield offering. ImmuCell Corporation price-consensus-eps-surprise-chart | ImmuCell Corporation Quote ImmuCell faced continued challenges with production costs. The cost of goods sold increased to $4.4 million in the third quarter of 2024 from $4.1 million a year earlier, led by inflationary pressures on labor and raw materials. However, contamination events, which significantly affected the company's previous quarters, have not recurred since Apr Show less Read more
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