AAON Inc. (NASDAQ: AAON) experienced a significant stock plummet of 13.66% on Thursday during the intraday trading session. This sharp decline followed the company's disappointing fourth-quarter 2024 earnings report, which missed analysts' expectations.
According to the company's financial results, AAON reported earnings of $0.30 per share for the fourth quarter, falling short of the consensus estimate of $0.54 per share. Additionally, the company's revenue for the quarter came in at $297.72 million, missing analysts' expectations of $320.49 million.
The weaker-than-expected earnings and revenue performance appear to be the primary drivers behind AAON's stock plummet. Investors reacted negatively to the company's failure to meet Wall Street's expectations, leading to a sell-off in the stock.
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