Why Hawkins Stock Tumbled on Thursday

Thursday was a good day for many stocks. However, Hawkins (NASDAQ: HWKN) wasn't one of those winners. The market generally shunned the diversified chemical company, sending its shares down by almost 8% in late-session trading. They were reacting to its third-quarter fiscal 2025 earnings report in which key metrics fell short of expectations. By contrast, the bellwether S&P 500 index was moving slightly higher, at nearly 0.4%.Hawkins's sell-off occurred despite it posting record third-quarter numbers for several line items, including revenue and non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA). Specifically, the company booked more than $226 million in sales, which was 8% higher than in the same period of fiscal 2024. The improvement in GAAP (generally accepted accounting principles) net income wasn't as pronounced, with the bottom line expanding by less than 1% to slightly more than $15 million ($0.72 per share).Publicly traded company results are always weighed against analyst estimates, and Hawkins fell short in this respect. Prognosticators following its fortunes were collectively forecasting that it would post sales of nearly $233 million and a per-share earnings figure of $0.76.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool