ARKO Corp's stock plummeted 30.85% in the pre-market trading session on Thursday, following the company's disappointing Q4 2024 earnings results.
The gas station and convenience store operator reported a quarterly loss of $0.03 per share, significantly missing analysts' consensus estimate of $0.01 earnings per share. ARKO's revenue for the quarter also fell short, coming in at $1.99 billion versus the expected $2.13 billion.
The company reported a net loss of $3.74 million for the quarter, adding to the concerns over its financial performance. The earnings miss and lackluster revenue growth were likely the primary drivers behind the steep sell-off in ARKO's stock during pre-market trading.
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