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Benzinga
Benzinga
Business
Henry Khederian

Why Exela Technologies Shares Are Getting Hammered Today

Exela Technologies Exela Exela Technologies Inc Nasdaq

Exela Technologies Inc (NASDAQ:XELA) shares are trading lower by 17.72% at $0.30. The company Tuesday morning reported worse-than-expected first-quarter earnings results.

Exela Technologies reported quarterly losses of 17 cents per share which missed the analyst consensus estimate of a loss of 10 cents. The company reported quarterly sales of $279.40 million which missed the analyst consensus estimate of $284.91 million by 2%.

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