BOYD GROUP SVCS INC. (BGSI) stock plummeted 6.44% during intraday trading on Wednesday.
The sharp decline followed the company's first-quarter earnings report, which showed sales of $996.676 million missing the analyst consensus estimate of $1.006 billion. While adjusted earnings per share of $0.58 met expectations and represented an 87.1% increase from the same period last year, the sales shortfall appears to have disappointed investors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments