Why Invacare Corporation Stock Collapsed on Tuesday [The Motley Fool]
Invacare Corporation (IVC)
Last invacare corporation earnings: 2/10 06:00 am
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Source: The Motley Fool
Investors hit the exits after Invacare's third-quarter earnings release. Here's why. George Budwell ( TMFGBudwell ) Nov 7, 2018 at 7:16AM What happened Shares of medical equipment company Invacare Corporation ( NYSE:IVC ) lost a whopping 43.4% of their value yesterday on over 23 times the average daily volume. What event triggered this massive sell-off? The long and short of it is that investors were none too pleased with Invacare's third-quarter earnings report, which was released after the closing bell on Monday. Apart from a nearly $6 million miss on revenue for the three-month period, Invacare noted that it expects costs to continue to rise going forward as a result of President Trump's trade war. Adding fuel to the fire, the recent changes issued by the Centers for Medicare and Medicaid Services also seemingly hurt the company's respira
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