Why Canada Goose Holdings, SmileDirectClub, and Stratasys Slumped Today

The market ended mixed on Wednesday, with various benchmarks finishing on either side of the unchanged line. Investors had to deal with some conflicting news affecting their big-picture outlooks on the near-term prospects for stocks, and a lot will depend on how key issues like trade, interest rates, and political controversy in Washington pan out. Some individual stocks took substantial losses due to poor recent financial performance. Canada Goose Holdings (NYSE: GOOS), SmileDirectClub (NASDAQ: SDC), and Stratasys (NASDAQ: SSYS) were among the worst performers. Here's why they did so poorly.

Shares of Canada Goose Holdings dropped 11% following the outerwear specialist's fiscal second-quarter financial results. On their face, the company's numbers looked strong, including a 28% rise in revenue and a 24% jump in adjusted earnings per share. CEO Dani Reiss pointed to "the strength of our brand and power of our unique business model" in driving strong performance. However, Canada Goose noted that protests in Hong Kong have had an adverse impact on its business, and some pointed to worries that some of the company's growth might have gotten pulled forward from future quarters. Shareholders in general seem to be concerned that ongoing geopolitical uncertainty in the region could continue to weigh on Canada Goose for the foreseeable future.

Image source: Canada Goose.

Source Fool.com