Why Harsco Stock Is Tumbling Today
Shares of Harsco (NYSE: HSC) slumped more than 17% by 10:30 a.m. EST on Friday. Driving down the environmental solutions company's stock was its preliminary fourth-quarter results.
Harsco reported that it generated about $400 million in sales during the fourth quarter, along with $31 million of adjusted operating income. That bottom-line number fell well short of the company's prior guidance range of $53 million to $58 million.
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Source Fool.com
