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Why Red Cat Stock Got Declawed Today

TheMotleyFool

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Red Cat Holdings (NASDAQ: RCAT) stock crashed 17.8% through 10:40 a.m. ET Thursday after reporting mixed earnings last night.

Analysts expected the company, which makes military drones, to lose $0.14 per share in Q4. Sales were supposed to be $20.9 million, and Red Cat shredded the sales forecast with revenue of $26.2 million. But its quarterly loss topped $0.17 per share -- three cents worse than forecast.

Image source: Getty Images.

Source Fool.com

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