Why Ondas Stock Is Sinking Today
Ondas crushed sales expectations in Q2 and raised its full-year revenue guidance, but that wasn't enough for the market.
Overview
Ondas (NASDAQ: ONDS) stock is losing ground in Thursday's trading following the company's second-quarter report. The drone specialist's share price was down 6.2% as of 10:40 a.m. ET. The stock had been down as much as 10% earlier in trading.
Ondas released its Q2 results before the market opened this morning and posted mixed results. With today's post-earnings pullback, the stock is now down roughly 6% year to date.
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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.