Why Array Technologies Stock Plummeted Today

·2-min read
Why Array Technologies Stock Plummeted Today

Shares of Array Technologies (NASDAQ: ARRY) tumbled this morning after the company reported worse-than-expected first-quarter results late yesterday. Array's adjusted diluted earnings of $0.19 per share just missed analysts' consensus estimate of $0.20 per share for the quarter. Meanwhile, the company's revenue of $245.9 million beat Wall Street's consensus estimate of $240.8 million.