3 weeks ago it’s leaked that they have won a huge contract. Stock runs from $120 to $145.
Now we get the numbers and they lost 7 cents a share. So they need a huge contract every quarter to just lose 7 cents a share, where would they be if they did not win the huge contract, losing 20 cents a share.
This company loses money. The stock was run up before earnings to so it had room to fall. This stock needs to drop below $120 now, then slowing drop to $100, $90, … to $30.