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35.13
1.79%
-0.64
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Why is Distribution Solutions Group Inc (DSGR) Stock down?
We've noticed a 7.04% decline in Distribution Solutions Group Inc (DSGR) stock during the 2024-11-01 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 Distribution Solutions Group (DSGR) dropped by 9.63% from $26.78 to $24.20 in the trading on Friday, November 3, 2023. The reason why DSGR down is due to the company's quarterly earnings report, which failed to meet market expectations.
- Earnings Fall Short of Estimates: Distribution Solutions Group reported earnings of $0.17 per share for the quarter, missing the Zacks Consensus Estimate of $0.25 per share. This represented a decline from the $0.32 per share earned in the same period the previous year, after adjusting for non-recurring items. The earnings miss amounted to a substantial -32% surprise.
- Revenue Miss: In addition to the earnings disappointment, DSGR posted quarterly revenues of $438.91 million, falling short of the Zacks Consensus Estimate by 2.69%.
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