Karman Space & Defense (NYSE: KRMN) stock tumbled 6.8% through 10 a.m.
ET Wednesday despite reporting decent earnings last night
Analysts expected the space stock to earn $0.11 per share on sales of $150.2 million. Karman did, in fact, earn $0.11 — with $151.2 million in sales. It didn’t just “beat by a penny” — Karman beat by a million dollars (albeit in revenue)!
Karman Space Q1 earnings Was Karman’s news bad enough to justify the sell-off? Not necessarily. Going through the numbers, we find Karman grew its sales 51% year over year in Q1.