Here's Why Merit Medical Systems Stock Is Tumbling Today
Shares of Merit Medical Systems (NASDAQ: MMSI), a medical device company focused on disposable items, are sinking after the company reported earnings results for the third quarter. Investors unhappy with an earnings miss and lowered forward expectations have knocked the stock down by 31.3% as of 1:10 p.m. EDT on Thursday.
Merit Medical's third-quarter earnings report was full of disappointment. The company reported $0.28 per share in adjusted earnings, which was 40% less than the previous-year period and 38% less than consensus estimates.
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Source Fool.com
