Why Napco Security Technologies Stock Plunged Today
Shares of Napco Security Technologies (NASDAQ: NSSC) have plunged today, down by 15% as of 12:10 p.m. EDT, after the company reported fiscal fourth-quarter earnings. The results were mostly in line with Wall Street's expectations.
Revenue in the fiscal fourth quarter increased 9% to $29.6 million, slightly ahead of the $29.5 million in sales that analysts were modeling for. That translated into net income of $4.7 million, or $0.26 per share, which was exactly what investors were expecting. Operating income was $4.8 million and adjusted EBITDA was $5.2 million.
Image source: Getty Images.
Source Fool.com
