Stock Track | NuScale Power Plummets 5.23% Intraday After Missing Q1 Earnings and Revenue Estimates

Stock Track

05/08

NuScale Power's stock plummeted 5.23% during intraday trading on Friday, following the release of its first-quarter earnings report the previous evening.

The company reported an adjusted loss of 14 cents per share for the quarter ended March 31, missing the analyst consensus estimate of a 13-cent loss. Revenue fell dramatically by 95.8% year-over-year to $565,000, far below the expected $14.67 million, and the company reported a quarterly loss of $44.02 million.

Analysts had been lowering their estimates in recent months, with one negative revision in the last 30 days, contributing to investor disappointment and the stock's decline.

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