Why Diplomat Pharmacy Inc Fell Today

Diplomat Pharmacy (NYSE: DPLO) fell 10% today following the report of its third-quarter earnings after the bell yesterday, although the results didn't look too bad.

Sure, revenue of $1.1 billion was down slightly from the $1.2 billion in the year-ago quarter. But gross margins were 7.6%, up 1000 basis points from 6.6% in the year-ago quarter.

Earnings per share (EPS) on a GAAP basis fell from $0.08 in the year-ago quarter to $0.01 in the most recent quarter. But when you subtract out one-time items, adjusted earnings were $0.25 per share, up from $0.21 per share last year.

Source: Fool.com