Business
Here’s why the Electro Optic (ASX:EOS) share price is down 7% today – The Motley Fool Australia
Electro Optic share price has declined in today’s trading, after the company announced that it will miss its previous earnings guidance.
Electro Optic Systems Holding Ltd(ASX: EOS) shares are falling lower today after the company announced short-term impacts will cause it to miss its previous FY20 earnings guidance. At the time of writing, the Electro Optic share price is down 6.79% to $5.90.
What’s pushing the Electro Optic share price lower?
In October, the defence, space, and communications company had announced that underlying earnings before tax (EBIT) for the full FY20 would come in the range of $20 to $30 million.
Today, the…
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