Why Pyxus International Inc. Is Plunging Today [The Motley Fool]
PYXUS INTL INC (PYX)
Company Research
Source: The Motley Fool
A dismal quarterly update dragged Pyxus down. Keith Speights ( TMFFishBiz ) Nov 8, 2018 at 12:43PM What happened Any hopes that positive momentum for Pyxus Interational Inc. ( NYSE:PYX ) experienced earlier this month would continue were dashed on Thursday. Shares of the agricultural company plunged 23.1% as of 11:34 a.m. EST today after Pyxus reported bad news on all fronts with its second-quarter financial results. Pyxus' Q2 revenue fell 11.7% year over year to $394.9 million. The company announced a net loss of $54.6 million, or $6.04 per share, compared to positive net income of $1 million, or $0.11 per share, in the prior-year period. Image source: Getty Images. So what Today's decline for Pyxus shows that cold, hard reality will always win over hopes and hype. Pyxus stock soared in October after noted short-seller Citron Resear
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