Why CooTek Stock Plummeted on Tuesday

Shares of China-based mobile applications company CooTek (NYSE: CTK) were slammed on Tuesday. As of 11:30 a.m. EST, the stock was down about 33%.

The tech stock's decline follows the company's third-quarter results. Though CooTek demonstrated strong year-over-year growth, quarterly results were worse than analysts were expecting.

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Source Fool.com