Why Tennant (TNC) Stock Is Trading Lower Today

Tennant Company's stock plummeted by 6.6% on November 4th following disappointing third-quarter financial results. Despite a slight increase in adjusted earnings per share, net sales decreased by 4% compared to last year, and profit margins dropped. Although the company maintained its full-year revenue and earnings forecasts and even raised its EBITDA forecast, the market reacted negatively to the current quarter's underperformance, indicating a potential short-term impact on the stock's value.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.