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Why Tennant Stock Plunged Today

TheMotleyFool

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Why Tennant Stock Plunged TodayPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png

Shares of leading mechanized cleaning equipment manufacturer (NYSE: TNC) were down 5% today as of 4 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.

The Dividend King announced third-quarter earnings late Thursday afternoon and slightly missed analysts' expectations on both the top and bottom lines, spurring today's share price drop.

While Tennant's sales and adjusted earnings-per-share growth of 3% and 4% during the quarter may seem underwhelming, there are reasons for optimism for investors.

Source Fool.com