Stock Track | Vistance Networks Plunges 7.30% in Pre-Market After Missing Q4 Earnings and Revenue Estimates

Stock Track02-26

Vistance Networks, Inc. (NASDAQ:VISN) saw its stock price plunge 7.30% in pre-market trading on Thursday.

The sharp decline followed the company's release of its fourth-quarter financial results, which fell significantly short of analyst expectations.

The company reported adjusted earnings per share of $0.17, missing the consensus estimate of $0.45 by 61.8%. Quarterly sales came in at $514.5 million, well below the estimated $1.524 billion, representing a miss of 66.23%.

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