Why Schrödinger Dived by Almost 12% Today
Healthcare tech stock Schrödinger (NASDAQ: SDGR) was looking a bit sickly Thursday. After the company reported third-quarter earnings that missed on both the top and bottom lines, investors sold out of the shares, leaving the stock with a nearly 12% decline on the day.
For the quarter, Schrödinger booked revenue of $29.9 million. While that was up by 16% on a year-over-year basis, it didn't meet the average analyst estimate of just under $31.6 million.
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Source Fool.com
