Why the ALS (ASX:ALQ) share price sank 4% lower today // Motley Fool Australia

The ALS Ltd (ASX: ALQ) share price has come under pressure on Wednesday following the release of its half year results.

In early trade the testing services company’s shares were down as much as 4% to $9.40.

The ALS share price has recovered since then and is now down 1% to $9.69.

How did ALS perform in the first half?

For the six months ended 30 September, ALS reported an 8.7% decline in revenue from continuing operations to $838.8 million.

This was driven largely by the negative impacts of COVID-19 pandemic on its first quarter performance which led to a 9.7% decline in quarterly revenue. Pleasingly, the company’s revenues are improving, with second quarter revenue down 7.8% over the prior corresponding period.

The company’s…