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Why SPS Commerce Stock Is Crashing Today

TheMotleyFool

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Why SPS Commerce Stock Is Crashing Today: https://g.foolcdn.com/editorial/images/840626/gettyimages-1411976372.jpg

Shares of leading supply chain cloud services provider SPS Commerce (NASDAQ: SPSC) are down 24% as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.

SPS Commerce reported third-quarter earnings on Thursday and saw sales and adjusted earnings per share rise by 16% and 23%, respectively.

While these results were perfectly fine (in a business operations sense), the market was disappointed that they didn't meet Wall Street's revenue estimates for the quarter.

Source Fool.com