Nevro Stock Plummets 20% on Guidance Cut
<p><a href='https://financialmodelingprep.com/financial-summary/NVRO'>Nevro Corp. (NYSE:NVRO)</a> shares plunged nearly 20% intra-day today after the company announced that it lowered its revenue guidance for Q2/23 and announced a new Chief Commercial Officer (CCO). </p>
<p>Management cut its Q2 revenue guidance range to $106-$108 million (up 2-4% year-over-year) from prior $110-$112 million (up 6-8% year-over-year). The company plans to provide additional updates, including updated fiscal 2023 guidance at the Q2 earnings call on Aug 1. </p>
<p>Separately, the company announced Greg Siller as SVP and CCO effective June 19, underscoring their commitment to commercial execution. </p>

NYSE:NVRO