Why Waitr Holdings Stock Sank Friday

Food delivery service Waitr Holdings (NASDAQ: WTRH) reported earnings Thursday evening, and investors weren't overly happy with the company's bottom-line results. As of 2 p.m. EDT Friday, its shares traded down 15% versus Thursday's closing price.

The company's bottom line didn't change from the same period one year ago, with a loss of $0.03 per share. Even once Waitr adjusted results to remove some one-time and nonrecurring items, an adjusted net income of $0.01 per share missed analyst estimates of $0.02.

Source Fool.com