BOYD GROUP SVCS INC. (BGSI) stock plummeted 6.44% during intraday trading on Wednesday.
The sharp decline followed the company's first-quarter earnings report, which showed sales of $996.676 million missing the analyst consensus estimate of $1.006 billion. While adjusted earnings per share of $0.58 met expectations and represented an 87.1% increase from the same period last year, the sales shortfall appears to have disappointed investors.