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Why Telos Stock Fell Today

TheMotleyFool

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Shares of Telos (NASDAQ: TLS) were tumbling today after the company reported its first-quarter 2021 results late yesterday. The tech stock was down by 10.5% as of 3:09 p.m. EDT.

Investors were disappointed in the first-quarter results of the cybersecurity company, even though sales increased 43% from the year-ago quarter, beating the company's prior guidance, and adjusted non-GAAP earnings per share were flat, compared to analysts' consensus estimate of a loss of about $0.05 per share.

Image source: Getty Images.

Source Fool.com

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