Why Array Technologies Stock Plummeted Today
Shares of Array Technologies (NASDAQ: ARRY) tumbled this morning after the company reported worse-than-expected first-quarter results late yesterday.
The tech stock had dropped 34% as of 10:44 a.m. EDT.
Array's adjusted diluted earnings of $0.19 per share just missed analysts' consensus estimate of $0.20 per share for the quarter. Meanwhile, the company's revenue of $245.9 million beat Wall Street's consensus estimate of $240.8 million.
Source Fool.com
