Why Electronics For Imaging, Inc. Stock Plummeted Friday

Shares of computer peripherals company Electronics for Imaging (NASDAQ: EFII) were slammed on Friday following the company's third-quarter earnings release. The stock fell as much as 33.2% and is down 30% at the time of this writing.

The stock's sell-off was likely triggered by the company's worse-than-expected financial results that missed both analysts' and management's expectations. Revenue and non-GAAP EPS for the quarter were $248.4 million and $0.48, respectively. This compares to revenue and non-GAAP EPS of $245.6 million and $0.58 in the year-ago quarter.

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Source: Fool.com