Why SPS Commerce Stock Is Crashing Today
Shares of leading supply chain cloud services provider SPS Commerce (NASDAQ: SPSC) are down 24% as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.
SPS Commerce reported third-quarter earnings on Thursday and saw sales and adjusted earnings per share rise by 16% and 23%, respectively.
While these results were perfectly fine (in a business operations sense), the market was disappointed that they didn't meet Wall Street's revenue estimates for the quarter.
Source Fool.com
