Why PaySign Stock Just Crashed 28%

Prepaid card provider and payment processor PaySign (NASDAQ: PAYS) reported Q2 earnings last night, and it seems the company missed on both sales and earnings. Expected to earn $0.03 per share for the quarter on sales of $9.6 million, PaySign couldn't even break even -- although its profit rounded to $0.00 per share, on sales of just $6.4 million.

PaySign shares are down 28% as of 10:20 a.m. EDT Friday in consequence.

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Source Fool.com