price up icon1.53%   0.36
after-market After Hours: 23.93

Why is Advansix Inc (ASIX) Stock down?

We've noticed a 14.06% decline in Advansix Inc (ASIX) stock during the 2024-05-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:

Shares of AdvanSix, Inc. (ASIX) dropped by 7.80% from $28.07 to $25.88 in the trading on Friday, November 3, 2023. The reason why ASIX down is due to company's quarterly earnings report, which failed to meet market expectations.

  • Earnings Fell Short of Estimates: AdvanSix reported a quarterly loss of $0.36 per share, significantly missing the Zacks Consensus Estimate of $0.01 per share. This marked a sharp contrast to the $0.43 per share earnings in the same period the previous year, adjusted for non-recurring items. The earnings miss amounted to an astonishing -3,700% surprise.
  • Revenue Disappointment: In addition to the earnings disappointment, ASIX posted quarterly revenues of $322.91 million, falling short of the Zacks Consensus Estimate by 12.23%.
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