Why BigBear.ai Holdings Stock Dived by Almost 14% Today [Yahoo! Finance]
BigBear.ai, Inc. (BBAI)
Company Research
Source: Yahoo! Finance
Investors sold out of the artificial intelligence (AI) specialist on the back of a rather weak earnings report. When the smoke cleared, the share price was down nearly 14%, contrasting sharply with the 1.3% gain of the benchmark S&P 500 index. Significant declines and big misses in the first quarter BigBear.ai fell well short of analyst estimates in its opening quarter of 2024. For the period, the AI specialist earned revenue of just over $33 million, representing a decline of more than 21% on a year-over-year basis. The company attributed the decline to the expected wind-down of a program it had with the U.S. Air Force and the bankruptcy of satellite company Virgin Orbit , another client. Further down the profit-and-loss sheet, BigBear.ai's net loss deepened considerably. It tumbled to more than $125 million, or $0.67 per share, from the year-ago shortfall of slightly over $26 million. Neither headline figure came close to the average analyst estimate. Collectively, pundits
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News
- Why BigBear.ai, C3.ai, and Other Artificial Intelligence (AI) Stocks Rallied on Tuesday [Yahoo! Finance]Yahoo! Finance
- Massive News for BigBear.ai Stock Investors Fri, May 10, 2024, 4:30 PM GMT+2 1 min read 0 Should you invest $1,000 in BigBear.ai right now? Advertisement Up next Advertisement Up next Advertisement Up next Advertisement Up next 4 Oversold Stocks to Buy RiAcquire Media Monitor
- Brokers Suggest Investing in BigBear.ai (BBAI): Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- AI stocks in focus as BigBear.ai tumbles on Q1 sales plunge [Seeking Alpha]Seeking Alpha
- BigBear.ai Holdings, Inc. (NYSE: BBAI) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock.MarketBeat
BBAI
Earnings
- 5/2/24 - Miss
BBAI
Sec Filings
- 5/17/24 - Form EFFECT
- 5/10/24 - Form POS
- 5/10/24 - Form 424B5
- BBAI's page on the SEC website