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.
RFP - Why Resolute Forest Products Stock Just Dropped 12.5%
Resolute Forest Products Inc.
One day after the company reported second-quarter 2020 financial results, shares of Resolute Forest Products(NYSE: RFP) are down 12.5% in 1:10 p.m. EDT trading. But was Resolute's news as bad as all that?
Investors selling the stock today certainly think so. According to analysts, Resolute was "supposed" to report a $0.30 per share loss yesterday, on sales of $628 million. As it turned out, Resolute's loss was less than predicted -- only $0.25 per share -- but sales fell well short of consensus estimates at just $612 million.