Why BigBear.ai Holdings Stock Crashed Today
BigBear.ai Holdings (NYSE: BBAI) stock collapsed in a 24% rout (through 10:35 a.m. ET) this morning after missing badly on both the top and bottom lines last night.
Heading into the company's fourth-quarter 2024 earnings report, analysts forecast BigBear.ai would lose $0.14 per share on $54.6 million in sales. In fact, the company's loss was three times larger -- $0.43 per share -- and its sales were considerably smaller than expected: $43.8 million.
The provider of artificial intelligence (AI)-powered data analytics boasted that it "demonstrated momentum through major contract wins, expanding our backlog and growing our pipeline, maturing our technology portfolio." BigBear.ai also expanded its gross profit margin by 530 basis points to 37.4%.
Source Fool.com
