Stock Track | Redwire Corp. Plunges 7.66% in Pre-Market on Wider-Than-Expected Q4 Loss
Stock Track
Feb 26
Redwire Corp. (RDW) experienced a sharp pre-market decline of 7.66% on Thursday, extending losses from the overnight session.
The space and defense technology company's stock fell after it reported fourth-quarter financial results that showed a significant earnings miss. Redwire posted a quarterly loss of $0.58 per share, which substantially missed the analyst consensus estimate of a $0.19 loss. This overshadowed the company's revenue beat, as sales of $108.8 million came in above expectations.
The reported net loss of $85.5 million for the quarter highlighted ongoing operational challenges, leading to negative investor sentiment and driving the stock price lower in extended trading sessions.
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