Why Snap One Stock Got Destroyed Today

"Smart home" products and services provider Snap One Holdings (NASDAQ: SNPO) got snapped off at the knees after missing earnings badly on Wednesday. As of 2:20 p.m. EDT, Snap One shares are down an astonishing 18%.

Analysts had forecast Snap One would earn $0.15 per share in its fiscal fourth quarter 2021 on sales of $263.2 million. Now the good news is that Snap One beat that revenue target handily, reporting $273.5 million in quarterly sales. But the bad news is that it missed earnings by a mile.  

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Source Fool.com