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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Is TSS Stock Plunging Friday?

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TSS, Inc. (NASDAQ:TSSI) stock fell Friday after reporting third-quarter results that showed steep year-over-year declines in revenue and earnings.

The stock fell as the company reported a 40% decline in revenue, a swing to a net loss, significantly lower procurement activity, and a substantial drop in adjusted EBITDA, overshadowing its strong year-to-date gains.

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