Why HawkEye 360 Stock Crashed Friday
HawkEye 360 just had a fabulous Q2 -- but its stock costs too much, so it's going down today.
Overview
HawkEye 360 (NYSE: HAWK) stock, which held a successful IPO back in May, got its wings clipped this morning and is down 7.2% through 1:20 p.m. ET after reporting earnings last night.
The surprising thing is that HawkEye didn't "miss earnings" at all; it beat them. Analysts had forecast the satellite communications, navigation, and signals intelligence stock would lose $0.12 per share on only $45.5 million in sales for Q2. Instead, HawkEye reported losses of only $0.07 per share and sales of $49.8 million.
Image source: Getty Images.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.