Why Drive Shack Stock Dropped 19.1% Today
Shares of Drive Shack (NYSE: DS) fell as much as 19.1% in trading on Friday after reporting first-quarter 2021 financial results. At 2:20 p.m. EDT today, shares were still down 17.8% for the day.
Total revenue was flat at $61.1 million, and the net loss improved from $17.4 million a year ago to $10.9 million, or $0.15 per share. Analysts were expecting revenue of $61.4 million and a loss of $0.14 per share, so it was only a slight miss for results.
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Source Fool.com
