Stock Track | Intuitive Machines Plunges 5.69% in Pre-Market on Weak Earnings Forecast
Stock Track
Mar 19
Intuitive Machines' stock experienced a significant pre-market plunge of 5.69% on Thursday, as investors reacted negatively to the company's latest earnings outlook.
The decline follows the release of earnings forecasts showing the company's fourth-quarter EPS is expected to be a loss of 5 cents, compared with a loss of 1 cent in the prior-year period. The adjusted EPS forecast is even worse at a loss of 6 cents, indicating a deteriorating financial performance that has concerned market participants.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.