Why StoneX Group Stock Crumbled by Almost 15% Today
StoneX Group (NASDAQ: SNEX) was hardly a rock of a stock on Tuesday. After the financial services company reported its latest quarterly results following market close the previous day, investors traded the shares down by nearly 15% today.
For its fourth quarter of fiscal 2021, StoneX posted net operating revenue of almost $262 million, which represented a 16% improvement over the same quarter a year ago. The story was much different on the bottom line, however, with net profit plummeting by 91% to $7.3 million, or $0.36 per diluted share.
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Source Fool.com
