Why York Space Systems Stock Crashed Again Friday
Strike 2! York Space IPO'ed just earlier this year, and has already missed earnings twice.
Overview
York Space Systems (NYSE: YSS) stock, which held a successful IPO back in February, is looking significantly less successful this morning. Shares of the satellite manufacturer crashed 11.2% through 12:35 p.m. ET Friday after missing for the second time in a row on an earnings report.
Analysts had forecast York to report $0.12 per share in losses on $93.9 million in sales in Q2. In fact, York reported last night that its losses were $0.31 per share, despite strong sales of $92.6 million.
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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.