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.

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Source Fool.com