Shares of Andersen Group (ANDG) tumbled 6.80% in after-hours trading following the release of its second-quarter earnings report, which presented a mixed picture of record revenue overshadowed by a bottom-line miss.

The company posted record second-quarter revenue of $217.7 million, up 23.7% from the prior-year period and well above the FactSet estimate of $199.3 million. On a GAAP basis, the per-share loss of $0.09 handily beat the consensus estimate of a $0.40 loss, and adjusted net income rose 38.8% to $39 million. However, the adjusted earnings per share came in at a loss of $0.09, missing the FactSet estimate of a $0.12 profit, which appeared to drive the negative after-hours reaction. The company also reported a GAAP net loss of $10.1 million for the quarter, reflecting elevated non-cash equity-based compensation expenses.

Andersen Group reaffirmed its full-year 2026 revenue guidance of $980 million to $1 billion, representing approximately 18% growth, with adjusted EBITDA projected in the range of $225 million to $250 million. The revenue outlook was in line with the FactSet consensus of $981.2 million, but the reaffirmed guidance was not enough to offset the disappointment over the adjusted EPS miss.