Universal Corp Shares Drop 7% After Q3 EPS Miss
Universal Corp reported Q3 EPS of $1.35, missing forecasts and prompting shares to drop from $57.82 to a $54.09 open. The stock later traded at $53.43 on a volume of 122,413 shares.
1. Earnings Results
Universal Corp delivered Q3 earnings per share of $1.35, falling short of analysts’ consensus estimates and representing a sequential decline from the prior quarter.
2. Stock Reaction
Following the EPS miss, shares gapped down from a $57.82 closing price to a $54.09 opening price, trading last at $53.43 on a volume of 122,413 shares, marking a roughly 7% drop.
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Sources
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