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Why The Honest Company Stock Got Crushed Today

·1 min read
Why The Honest Company Stock Got Crushed Today
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Shares of The Honest Company (NASDAQ: HNST) got destroyed Friday after the recently IPO'd maker of environmentally conscious personal care, beauty, baby, and household products missed earnings in its Q2 2021 financial report this morning. Analysts had forecast that The Honest Company would lose $0.14 per share on sales of $79.5 million, which sounds bad enough already. In fact, however, The Honest Company lost $0.17 per share on sales of only $74.6 million -- and the stock is down 25% in 10:35 a.m. EDT trading because of it.