Here's Why Telos Stock Fell Today
Shares of Telos (NASDAQ: TLS) plummeted this morning after the company released its third-quarter 2021 results. The cybersecurity company reported earnings that missed analysts' estimates, and management also cut full-year guidance.
The tech stock was down by 24% as of 11:40 a.m. EST on Monday.
Telos said that its reported sales increased 48% in the third quarter on a year-over-year basis. The company also said that its adjusted earnings per share were $0.10 in the quarter, which was just below analysts' consensus estimate of $0.11.
Source Fool.com