STRY - Starry Group stock falls for second day in wake of Q2 earnings report

Shares of Internet service provider Starry Group ( NYSE: STRY ) fell 18% Thursday in the wake of its Q2 earnings report.

Starry shares opened at $3.75, reaching a high of $3.77 in early trading before sliding to a low of $3.12 in early afternoon. The stock recently changed hands at $3.15, down 18% from Wednesday’s close, at approximately 2:20 p.m. ET.

The company, which focuses on providing broadband services to underserved communities, released its Q2 earnings report Tuesday morning, reporting a 52% increase in year-over-year revenue and a narrowed quarterly loss.

Starry stock rose 5% on Tuesday following the Q2 report, but closed 11% lower on Wednesday.

Based in Boston, Starry went public on March 29 through a merger with SPAC FirstMark Horizon.

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