Shares of Stantec (NYSE:STN) tumbled 5.27% in after-hours trading on Wednesday following the release of its second-quarter earnings report. While the company met earnings expectations, it fell short on revenue, disappointing investors.

Stantec reported quarterly earnings of $0.98 per share, in line with analyst consensus estimates and representing a 19.88% increase from $0.82 per share in the same period last year. However, the company's quarterly sales of $1.153 billion missed the analyst consensus estimate of $1.180 billion by 2.29%. Despite the miss, sales still showed a 5.68% increase compared to $1.091 billion in the same quarter of the previous year.

The after-hours sell-off suggests that investors are focusing on the revenue miss rather than the earnings performance. While Stantec demonstrated solid year-over-year growth, the failure to meet sales expectations in the current quarter appears to have shaken investor confidence, leading to the significant stock price decline.