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Why Schrödinger Dived by Almost 12% Today

TheMotleyFool

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Why Schrödinger Dived by Almost 12% TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Healthcare tech stock Schrödinger (NASDAQ: SDGR) was looking a bit sickly Thursday. After the company reported third-quarter earnings that missed on both the top and bottom lines, investors sold out of the shares, leaving the stock with a nearly 12% decline on the day.

For the quarter, Schrödinger booked revenue of $29.9 million. While that was up by 16% on a year-over-year basis, it didn't meet the average analyst estimate of just under $31.6 million.

Image source: Getty Images.

Source Fool.com

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