When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BWXT - BWX Technologies: Here Is Why The Stock Tanked After Earnings
BWX Technologies Inc.
2024-06-24 15:03:02 ET
Summary
BWX Technologies, Inc. stock outperformed expectations, gaining 40% due to strength in aerospace, defense, and energy transition sectors.
Stock tanked after earnings due to a delay in aircraft carrier procurement, impacting future revenue projections.
The company saw revenue growth but EBITDA fell short, with guidance for single-digit revenue growth and improved free cash flow, leading to a Hold rating.