Why ServiceMaster Global Holdings Stock Was Falling Today
Shares of ServiceMaster Global Holdings (NYSE: SERV) were slipping today after the pest-control specialist announced disappointing preliminary third-quarter earnings and also an acquisition. As a result, the stock was down 17.7% as of 1:20 p.m. EDT.
The Terminix parent said that the company expects revenue of $528 million for the third quarter, up 7% from the year before, due to 6% growth at Terminix, the division that makes up more that 80% of the company's revenue. However, that figure was short of estimates of $531.2 million.
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Source Fool.com
