Here’s Why On Deck Capital Stock Is Plunging Today
Online small-business lender On Deck Capital (NYSE: ONDK) issued its second-quarter earnings report on Monday morning, and to put it mildly, investors don't seem to be thrilled with the company's performance. As of 1:20 p.m. EDT, shares were lower by about 25% for the day.
There are two major points related to On Deck's earnings report that are likely contributors to today's decline. First, the company missed earnings expectations, posting $0.09 in adjusted EPS, $0.02 shy of what the market was expecting and a decline of $0.01 from the same quarter a year ago.
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