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Benzinga

Adam Eckert

Mar 17, 2022, 8:42 PM

Why BigBear.ai Shares Are Plunging After Hours

BigBear.ai Holdings Inc (NYSE:BBAI) is trading significantly lower in Thursday's after-hours session after the company reported financial results and issued guidance below estimates.

BigBear.ai reported fourth-quarter revenue of $33.5 million and an earnings loss of $1.02 per share.

The company said it expects full-year 2022 revenue to be between $175 million and $205 million versus the $224.02 million estimate.

BigBear.ai is engaged in decision dominance serving the national defense and intelligence communities.

See Also: Why United States Steel Shares Are Sliding After Hours

BBAI 52-Week Range: $4.45 - $10.50

The stock was down 24.61% in after hours trading at $6.25 at press time.

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