Why GTT Communications Stock Plunged Today
Shares of GTT Communications (NYSE: GTT) are down 17.2% as of 3:30 p.m. EST Tuesday after the telecommunications company announced weaker-than-expected third-quarter 2019 results.
More specifically, GTT's quarterly revenue fell 6.4% year over year to $420 million, translating to an adjusted (non-GAAP) net loss of $0.31 per share. Analysts, on average, were looking for a narrower net loss of $0.21 per share on revenue closer to $425.7 million.
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Source Fool.com
