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0.000334634690462924 0.00167317345231462 0.00156162855549359 0.00278862242052426 -0.00055772448410482 0.00200780814277739 -0.00122699386503067 0.00234244283324031
Stock impact report

Why Beacon Roofing Supply Stock Tumbled 21% Today [The Motley Fool]

Beacon Roofing Supply, Inc. (BECN) 
Last beacon roofing supply, inc. earnings: 2/3 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
Investors were expecting a loss -- just not a loss this big. Rich Smith ( TMFDitty ) May 9, 2018 at 12:19PM What happened If you own shares of Beacon Roofing Supply ( NASDAQ:BECN ) stock, I have good news and bad news for you. The good news: As of 11:35 a.m. EDT, Beacon Roofing stock is down only 11.2%. The bad news: Earlier today, it was down as much as 21.6%, so if you sold there, you sold at the bottom. So what What went wrong with Beacon stock? In a word: losses. Beacon released its fiscal Q2 2018 results after close of trading Tuesday, and the news was not great. The roofing supplies distributor reported $0.35 per share of pro forma losses, when Wall Street had predicted a loss of just $0.09 per share. Worse, when calculated according to GAAP , Beacon's actual net loss was closer to $1.07 per share -- several times more money th Show less Read more
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