Why BigBear.ai Stock Is Plummeting Today
BigBear.ai (NYSE: BBAI) stock is getting crushed in Tuesday's trading. The company published its second-quarter results after the market closed yesterday, and investors are having a strong bearish reaction to some disappointing numbers in the report. The stock was down 26.9% as of 10:30 a.m. ET today and had been off as much as 32.9% shortly after the market opened.
BigBear.ai posted sales, and earnings came in far below Wall Street's targets, and the underperformance doesn't appear to be down to near-term contract timing. The company also lowered its full-year performance targets.
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Source Fool.com
