Shares of Invacare (NYSE: IVC) were plunging 33.6% lower as of 11:17 a.m. EDT on Thursday. The steep decline came after the medical equipment manufacturer lowered its full-year 2021 guidance.
Only a little over one month ago, Invacare reported positive second-quarter results. The company at the time reaffirmed its full-year 2021 guidance of constant-currency net sales growth of between 4% and 7% and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $45 million.
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For further details see:Why Invacare Stock Is Plunging Today