Sterling Infrastructure Inc (STRL)

Shares of Sterling Construction Company (STRL) dropped by 15.91% from $74.53 to $62.67 in the trading on Tuesday, November 7, 2023. The reason why STRL down is due to the market's response to the revenue miss, despite the company's earnings beating expectations.

• Sterling Infrastructure reported earnings of $1.26 per share for the quarter, slightly surpassing the Zacks Consensus Estimate of $1.25 per share. This marked an improvement from $0.97 per share in the same quarter the previous year.
• While the company's earnings beat expectations, it fell short on the revenue front, with $560.35 million in quarterly revenues, missing the Zacks Consensus Estimate by 0.22%. This compared to $556.94 million in revenue for the same quarter in the prior year.