Why BigBear.ai Stock Plummeted This Week
Shares of BigBear.ai (NYSE: BBAI) are falling this week, down 20.6% as of 3:21 p.m. ET. The drop comes as the S 500 and Nasdaq-100 gained 1% and 0.5%, respectively.
The defense-focused artificial intelligence company revealed concerning numbers in its latest quarterly earnings.
Wall Street was expecting a small net loss of $0.06 per share on $40.6 million in revenue. BigBear.ai missed these targets by a significant margin, reporting a much larger $0.71 loss per share on just $32.5 million in revenue.
Source Fool.com
