Why Lennox Stock Crashed Today
Lennox stock wouldn't be expensive if its earnings were growing -- but they're shrinking instead.
Overview
Lennox International (NYSE: LII) stock tumbled 19.9% through 11 a.m. ET Wednesday after reporting merely mixed earnings this morning.
Analysts had forecast that the HVAC manufacturer would earn $7.61 per share on nearly $1.6 billion in Q2 sales. In fact, Lennox earned $7.72 per share, but sales fell short of expectations at $1.5 billion.
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Details
Source
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.