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Here's Why Simulations Plus Stock Is Sliding Today

TheMotleyFool

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Here's Why Simulations Plus Stock Is Sliding TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Simulations Plus (NASDAQ: SLP), a specialized software company that serves the biopharmaceutical industry, had fallen 14.3% as of 11:37 a.m. EDT on Tuesday. Investors were caught off guard by service-segment revenue that declined during the company's fiscal third quarter.

Simulations Plus reported fairly positive results for the three months ended May 31, with a glaring exception. The finicky services segment reported an 18% year-over-year decline due to late-quarter project delays and cancellations in drug development programs.

Image source: Getty Images.

Source Fool.com

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