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Why Balchem Shares Plunged 11.9% Today

TheMotleyFool

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Shares of supplement and chemical maker Balchem (NASDAQ: BCPC) fell as much as 11.9% in trading Thursday after the company reported second-quarter earnings. Shares closed down 11.6%, and there didn't seem to be any enthusiasm to buy the dip today.

Revenue was down 1.3% in the quarter to $161.6 million as sales of industrial products fell 47% to $7.3 million for the segment. Net income was up 0.8% to $19.8 million, or $0.61 per share.

Image source: Getty Images.

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