28.87
price up icon0.59%   0.17
after-market After Hours: 28.87
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Why is Advansix Inc (ASIX) Stock down?

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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