Stock Track | Boyd Group Services Plummets 8.25% Intraday After Q4 Sales Miss Estimates

Stock Track

03/18

Shares of Boyd Group Services Inc. (BGSI) plummeted 8.25% during intraday trading on Wednesday, following the release of its fourth-quarter financial results.

The sharp decline appears to be driven by the company's quarterly sales falling short of analyst expectations. Boyd Group reported Q4 sales of $793.9 million, which missed the FactSet consensus estimate of $812.2 million.

While the company posted adjusted earnings of $0.90 per diluted share, beating the FactSet estimate of $0.63, the revenue shortfall seems to have disappointed investors, leading to the significant sell-off in the session.

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(BGSI) plummeted 8.25% during intraday trading on Wednesday, following the release of its fourth-quarter financial results.</p><p>The sharp decline appears to be driven by the company's quarterly sales falling short of analyst expectations. 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