95.18
price down icon0.27%   -0.26
after-market  After Hours:  95.18 
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Why is Exponent Inc. (EXPO) Stock down?

02 Feb, 2024:

Exponent Inc. (EXPO) stock declined by 12.83% due to the company's earnings fell below expectations, and it anticipates challenges in 2024. Economic uncertainty has led customers to cut back on expenditures, impacting Exponent's performance.

  • Growth Challenges: Exponent, a consulting firm specializing in engineering and tech services across 90 technical disciplines globally, faced difficulties in the last three months. The company reported fourth-quarter earnings of $0.41 per share and revenue of $122.9 million, missing Wall Street's expectations of $0.44 per share in earnings and $119 million in sales. While revenue increased by 7% YoY, the environmental and health segment, comprising 16% of fourth-quarter revenue, experienced a 3% sales drop due to client budget constraints.
  • 2024 Outlook: Exponent anticipates flat to slightly declining revenue in the first quarter of 2024 and for the entire year. The company cited constrained budgets, project delays due to economic uncertainty, and challenges in the consumer electronics sector as ongoing headwinds. CEO Catherine Corrigan acknowledged the impact of these factors on both litigation and proactive work.
27 Oct, 2023:

Shares of Exponent, Inc. (EXPO) dropped by 14.37% from $84.94 to $72.73 in the trading on Friday, October 27, 2023. The reason why EXPO stock down is due to the company's week third-quarter 2023 earnings report.

  • Earnings: In this report, Exponent fell short of expectations, reporting earnings of $0.48 per share compared to the anticipated $0.49 per share (a negative surprise of -2.04%). This was also a slight decrease from the previous year's earnings of $0.47 per share.
  • Revenue: In terms of revenue, the company posted $124.96 million for the quarter, missing the expected figure by 1.21% but surpassing the year-ago revenues of $115.14 million.
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