Why Cadre Stock Was Down This Week
Cadre (NYSE: CDRE) stock underperformed the market this week. The company, which sells safety equipment to first responders, saw its stock fall 11% through early Friday trading compared to a 1.6% increase in the wider market, according to data provided by S&P Global Market Intelligence. That drop was enough to put Cadre into negative territory for the year, down 7% so far in 2023.
It was sparked by an earnings report that attracted a lukewarm reception on Wall Street.
The company announced on Wednesday that sales landed at $124 million in the Q4 period that ended in late December, edging past the outlook that management issued back in mid-November.
Source Fool.com
