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Why Did Karman Space Stock Drop Today?

TheMotleyFool

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Why Did Karman Space Stock Drop Today?: https://g.foolcdn.com/editorial/images/869781/chart-shows-a-red-dollar-sign-trending-down.jpg

Karman Space & Defense (NYSE: KRMN) stock tumbled 6.8% through 10 a.m. ET Wednesday despite reporting decent earnings last night.

Analysts expected the space stock to earn $0.11 per share on sales of $150.2 million. Karman did, in fact, earn $0.11 -- with $151.2 million in sales. It didn't just "beat by a penny" -- Karman beat by a million dollars (albeit in revenue)!

Image source: Getty Images.

Source Fool.com

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