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Here's Why Telos Stock Fell Today

TheMotleyFool

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Here's Why Telos Stock Fell TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Shares of Telos (NASDAQ: TLS) plummeted this morning after the company released its third-quarter 2021 results. The cybersecurity company reported earnings that missed analysts' estimates, and management also cut full-year guidance.

The tech stock was down by 24% as of 11:40 a.m. EST on Monday.

Telos said that its reported sales increased 48% in the third quarter on a year-over-year basis. The company also said that its adjusted earnings per share were $0.10 in the quarter, which was just below analysts' consensus estimate of $0.11.

Source Fool.com

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