MWA - Why Mueller Water Products Stock Is Down Today
Mueller Water Products (NYSE: MWA) ended its fiscal 2021 with a whimper, and investors were not pleased. The company's shares were down 12% at midday on Tuesday after its fiscal fourth-quarter results failed to meet expectations.
Mueller, which makes products used in the transmission, distribution, and measurement of water, earned $0.12 per share in the period, which ended Sept. 30, on revenue of $295.6 million. The revenue figure came in about where analysts had expected, but earnings were well short of the $0.19 per share consensus estimate.
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Why Mueller Water Products Stock Is Down Today