Vistance Networks approaches Q3 earnings amid weak Aurora unit performance
VISN Vistance Networks Inc
$4.12 +3.13%
View chart & analysis → - 1The Aurora unit recorded a 43% quarterly decline in Aurora unit EBITDA.
- 2Vistance Networks shares fell approximately 40% following the report.
- 3Management cut the Aurora adjusted EBITDA outlook from $200 million to $225 million.
So what's the key point?
Profits for Vistance Networks' Aurora division fell by 43 percent. The stock price dropped significantly following this news, and management also lowered its future profit outlook.
Source Earnings Whispers +1 · View original ↗
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